The Indian IT growth

With GDP growth of about 9 percent and wider expectations from analysts that in near future Indian economy can rule the globe, Indian business is on a roller coaster ride. Indian business, especially IT and ITeS segment is the backbone of this commendable GDP growth. Although IT sector was doing reasonably well, however it seems retrenchment has hit India also. The Indian counterparts have been constantly appraised, no wonder Indian IT industry has spearheaded towards consolidated global expansion.

Sky is the limit, when you know where you are heading to. Correlating these words with success of Indian IT, these are the key acquisitions made by Indian IT.

1. Infosys, the leading IT giant of India, recently announced its plans to acquire UK based consultancy, Axon Group plc. The deal will be cash based and company will purchase SAP consultant Axon for USD753 million. The deal will be a landmark in Infy’s history as will give a ready made access to existing market of Axon in Europe. Also, Infosys can leverage Axon’s strength and consultation expertise to win big transformation deals in US and Europe, where Axon has a strong foothold.

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Outsourcing solutions from TCS

Tata Consulting Services TCS small and medium business SMB unit is all set to tap the global market with its total outsourcing solutions developed in India. The company will market its solutions globally, starting with emerging markets like Latin America LATA, Middle East ME and Africa in the next two to three quarters.

Venguswamy Ramaswamy, global head SMB, TCS, said, We are in a process of adding new solutions to our existing ones
every quarter. As it is very cost effective to develop innovative solutions in India, we want to leverage it and take these solutions to the global market.

TCS SMB unit, based on IT as a service model, started in March 2008 to provide basic end to end solutions like providing hardware and software solutions to SMBs.

As of now, the company has more than 30 clients in India. It plans to concentrate on client acquisition in the next one year and then ramp up its revenues in another two to three years. According to IDC, small and medium businesses in India have grown at a rate of 14.8 percent in the year 2007 2008.

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BSNL, C and W ink network sharing deal

Public sector telco giant Bharat Sanchar Nigam BSNL has inked an agreement with Cable andWireless India to offer managed network services MNS Public sector telco giant Bharat Sanchar Nigam BSNL has inked an agreement with Cable and Wireless India to offer managed network BSNL is focusing on broadband, network monitoring and managing MPLS networks for big corporates as the next big growth area. We have plans to invest roughly USD 10 billion on network expansion over the next three years, It is therefore important for us to partner with a leading and trusted telecom provider such as Cable and Wireless, who have one of the most resilient network infrastructures available BSNL CMD Kuldeep Goyal said.

As per the understanding, Cable andWireless India will support BSNL to expand its global network and provide better services to its customers expanding their global footprint, BSNL in return, will enable Cable and Wireless India to leverage its extensive domestic network reach throughout the country.

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BPOs grapple with inflation

IT-BPO firms, which are already facing a US slowdown and currency fluctuations, are now busy in firming up their plans to tackle a rising inflation in the country and its impact on salary, sales, general and administrative (SG&A) and travel costs, which can dent their profit margins.

According to analysts, the immediate impact of a rising inflation would be on salary. Avinash Vashishta, Tholons Investment Advisory Research, said: "Salaries will now have to be hiked by more than what the companies had decided. Last year, there was almost a 15 per cent rise in salary, while this year it may go up by 8-9 per cent."

Most companies, including India's largest IT services provider Tata Consultancy Services (TCS), Infosys and Satyam , implemented their annual wage hike in the first quarter of the financial year beginning April 1. Others such as Wipro do it during the year. If inflation continues throughout the year the firms would have to effect a mid-term hike or raise the salary by a good measure in the next financial year.

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