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Home market excites Infy

Cavale: Looking ahead

Calcutta, Dec. 8: Rising demand for information technology-based services from the government sector will help the domestic IT market to expand, says Infosys.

The IT bellwether believes that this growth will be supplemented by demand from the private sector. Banking, financial services, insurance, energy and utilities sectors will be the key consumers of technology solutions.

“The use of technology by government organisations is increasing by leaps and bounds. The domestic IT market is set to be worth a trillion dollar by 2020-25. This may not be in the field of software only,” said Raghu Cavale, vice-president & head, India business, Infosys Ltd.

“The government is looking at ways to become transparent and efficient. And this cannot be done in the manual way as it strains the exchequer. The government is going to be a big spender on IT,” Cavale told The Telegraph recently on the sidelines of the 12th edition of Infocom, organised by ABP Group.

According to estimates by industry body Nasscom, the domestic IT market comprising a mix of hardware, IT services, BPO and software products stood at approximately $32 billion in 2012-13.

IT exports during the fiscal stood at $76 billion, inclusive of offshore software product development and engineering R&D. This is expected to grow at 11-14 per cent in this fiscal.

Cavale said the government sector was of strategic importance to the company. The industry has won tenders for some projects from the sector.

 
 
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