Mumbai/New Delhi: After months of anticipation, AirAsia India is set to take to the skies on June 12, with the Directorate General of Civil Aviation (DGCA) on Thursday approving the airline’s flight schedules.
Sources said DGCA had allowed AirAsia India to fly twice a day on the Chennai-Bangalore-Chennai route and once a day on the Bangalore-Goa-Bangalore route.
According to data available with DGCA, there are 14 daily flights between Chennai and Bangalore and five between Bangalore and Goa, according to the summer schedule for this year.
“As of now, they have only three aircraft. They have secured permission to start commercial operations with three daily flights on the Chennai-Bangalore and Bangalore-Goa routes. The approvals are subject to the airline having a total fleet of five aircraft at the end of the first year of operations,” said a source.
Budget carrier SpiceJet responded promptly to AirAsia’s announcement, offering tickets for as low as Rs 1,499, excluding taxes, on the Chennai-Bangalore and Bangalore-Goa routes. This limited inventory offer is for travel after June 12.
“As part of the ongoing policy of the airline to stimulate the market by offering attractive fares and grow the travel sector, SpiceJet is glad to come out with this special offer on high demand routes such as Goa and Chennai from Bangalore,” said Kaneswaran Avili, chief commercial officer, SpiceJet.
For AirAsia’s domestic services, tickets would be sold from Friday, group chief executive Tony Fernandes tweeted on Thursday. He, however, didn’t disclose the routes on which AirAsia India would commence services.
“Very, very proud to announce AirAsia India open for sale tomorrow. Wow! First flight June 12. See you all in India on the 12th,” Fernandes tweeted.
It was expected the airline would make a formal announcement on its first flight in the evening, but this was postponed. AirAsia India chief executive Mittu Chandilya said he was busy at meetings in New Delhi.
AirAsia remained tight-lipped about plans on its routes. Sources said earlier this week, the airline had told travel agents bookings for the Bangalore-Goa route would open on Friday. Earlier this month, the airline had secured an operating permit from DGCA. The approval, however, was contingent upon the outcome of suits against the airline — Bharatiya Janata Party leader Subramanian Swamy and the Federation of Indian Airlines had moved court against the government’s approval to the airline, saying this violated foreign direct investment norms. The Delhi High Court is set to hear the petition on July 11.
AirAsia is known for its ultra low-cost fares and promotional offers; it offers free and discounted tickets. Earlier this month, Chandilya had said the airline would offer fares at 30-35 per cent discounts compared to rivals. Apart from its own website, the airline will sell tickets through online portals and leading offline agents.
“We will break even in four months. My partners will expect no less of me. We will be disruptive in pricing. My competitor is not other airlines operating in this country. My benchmark is the first class fare offered by the railways. Yes…the kicker for me is low fares. But quality of service, safety standards, reliability and on-time performance are very important hygiene factors,” Chandilya had told Business Standard.
AirAsia India, a joint venture between Malaysian low-cost airline AirAsia, the Tata group and Telesetra Tradeplace, indicated it would start operations from Chennai and connect tier-II and -III cities. Initially, the airline had said it wouldn’t fly to the Delhi and Mumbai airports because of high airport charges, but earlier this month, Fernandes said the airline was considering flights to these two cities, too.
Success in my Habit
Monday, June 2, 2014
Japan's Isuzu Motors plans to sell 50,000 pickup vehicles in India
Gurgaon: Japan's Isuzu Motors aims to sell 50,000 pickup vehicles in India in the next few years to gain market leadership, a top company executive has said. The company, which has a fully owned subsidiary in Chennai, has earmarked Rs 3,000 crore for a 120,000 units per year manufacturing facility close by.
"We have an ambitious plan for the Indian market with our range of globally renowned pickup trucks," Takashi Kikuchi, president and managing director of Isuzu Motors India Pvt Ltd, told ET, adding that the company has started assembling DMax pickups at Hindustan Motors' Chennai plant.
Pickup vehicles, popular in the West, are generally jeeps with rear payload carrying flat bodies. Of the 160,000 pickup vehicles sold in India every year, more than half are manufactured by Mahindra& Mahindra. The other two major Indian manufacturers are Tata Motors and Force Motor.
"We will crank up sales once our own facility in Sri City, in the southern part of Andhra Pradesh, gets on stream in 2016. We are aiming high sales with D-Max in the high-end segment, which is one of the largest selling pickup trucks in the world, to cater to the burgeoning Indian market for stylish and powerful pick-up vehicles with a high lifestyle quotient as owner driven vehicles," Kikuchi said.
According to Isuzu executives, the 1-1.2 tonne pickup segment in India is set to become the world's largest pickup vehicle market by 2023, with expected sales of over 800,000 units.
Isuzu, a relatively late entrant into the Indian pickup vehicle market, was supplying diesel engines to Hindustan Motors for its iconic Ambassador cars, production of which was stopped in April this year. The automaker, which started its India operations in 2012, is relying on its reputation for making tough and durable diesel engine vehicles to make a mark in the country.
"We have been one of the largest diesel engine manufacturers globally, which are high on quality and mileage. We plan to have edge over our competitors in India in the pickup vehicles segment, which is poised to grow exponentially," Kikuchi said.
"We have an ambitious plan for the Indian market with our range of globally renowned pickup trucks," Takashi Kikuchi, president and managing director of Isuzu Motors India Pvt Ltd, told ET, adding that the company has started assembling DMax pickups at Hindustan Motors' Chennai plant.
Pickup vehicles, popular in the West, are generally jeeps with rear payload carrying flat bodies. Of the 160,000 pickup vehicles sold in India every year, more than half are manufactured by Mahindra& Mahindra. The other two major Indian manufacturers are Tata Motors and Force Motor.
"We will crank up sales once our own facility in Sri City, in the southern part of Andhra Pradesh, gets on stream in 2016. We are aiming high sales with D-Max in the high-end segment, which is one of the largest selling pickup trucks in the world, to cater to the burgeoning Indian market for stylish and powerful pick-up vehicles with a high lifestyle quotient as owner driven vehicles," Kikuchi said.
According to Isuzu executives, the 1-1.2 tonne pickup segment in India is set to become the world's largest pickup vehicle market by 2023, with expected sales of over 800,000 units.
Isuzu, a relatively late entrant into the Indian pickup vehicle market, was supplying diesel engines to Hindustan Motors for its iconic Ambassador cars, production of which was stopped in April this year. The automaker, which started its India operations in 2012, is relying on its reputation for making tough and durable diesel engine vehicles to make a mark in the country.
"We have been one of the largest diesel engine manufacturers globally, which are high on quality and mileage. We plan to have edge over our competitors in India in the pickup vehicles segment, which is poised to grow exponentially," Kikuchi said.
Applications for green nod to go online: Javadekar
New Delhi: Transparency appears to be the key word for the new Government. Prakash Javadekar, who took charge Minister of State (Independent Charge) of Environment, Forest and Climate Change on Thursday, introduced new online forms for submission of applications, which, he said, would help the Ministry function in a more transparent manner.
Javadekar, who holds dual charge of the Ministries of Information and Broadcasting and Environment and Forests, said the move would ensure transparency in the application process, along with easy communication between the applicants and the Ministry.
Along with online applications, the Ministry will monitor status of applications in the real-time, and ensure speedy decisions.
Javadekar, who met at least 100 director-level officials of the Ministry, earlier in the day, to review operations, announced his intention to bring down the maximum time for clearances to 60 days eventually.
In the past, lack of communication and gap in ambitions between the Union Environment Ministry and State departments has been blamed for delays. However, Javadekar said he would call for a conference with all State Environment and Forest Ministers to ensure cooperation.
Javadekar, who holds dual charge of the Ministries of Information and Broadcasting and Environment and Forests, said the move would ensure transparency in the application process, along with easy communication between the applicants and the Ministry.
Along with online applications, the Ministry will monitor status of applications in the real-time, and ensure speedy decisions.
Javadekar, who met at least 100 director-level officials of the Ministry, earlier in the day, to review operations, announced his intention to bring down the maximum time for clearances to 60 days eventually.
In the past, lack of communication and gap in ambitions between the Union Environment Ministry and State departments has been blamed for delays. However, Javadekar said he would call for a conference with all State Environment and Forest Ministers to ensure cooperation.
Kenyan delegation visits NDDB for assistance on milk Co-Ops
Ahmedabad/Anand: In a bid to promote dairy business in Kenya, Kenya Dairy Farmer Foundation (KDFF) and East Africa Dairy Development Project of Heifer International sought assistance from the National Dairy Development Board (NDDB) on forming cooperatives for milk procurement, processing and marketing.
A high-profile delegation led by Richard Kiprono Tuwei, Chairman, KDFF accompanied by a five member delegation from KDFF and East Africa Dairy Development Project of Heifer International visited NDDB, Anand on May 28. The delegation held discussions with Shri T Nandkumar, Chairman, NDDB.
The delegation requested NDDB to assist in exploring the prospects of organising milk cooperatives for procurement, processing and marketing in Kenya. Also they sought need-based assistance in training and capacity building for milk producers and other stake holders. The Chairman, NDDB agreed to provide support for the same, a statement reads.
The discussions were held on the innovations introduced by NDDB in Animal Breeding, Health and Nutrition which could contribute to increasing productivity. The delegation was also briefed about NDDB's training modules and contributions of the Engineering services to the dairy sector in the country. Initiatives taken by NDDB for balanced Ration and reduction of methane emission, Urea Molasses Block Production, Mineral Mixture and Bypass Protein were explained.
A high-profile delegation led by Richard Kiprono Tuwei, Chairman, KDFF accompanied by a five member delegation from KDFF and East Africa Dairy Development Project of Heifer International visited NDDB, Anand on May 28. The delegation held discussions with Shri T Nandkumar, Chairman, NDDB.
The delegation requested NDDB to assist in exploring the prospects of organising milk cooperatives for procurement, processing and marketing in Kenya. Also they sought need-based assistance in training and capacity building for milk producers and other stake holders. The Chairman, NDDB agreed to provide support for the same, a statement reads.
The discussions were held on the innovations introduced by NDDB in Animal Breeding, Health and Nutrition which could contribute to increasing productivity. The delegation was also briefed about NDDB's training modules and contributions of the Engineering services to the dairy sector in the country. Initiatives taken by NDDB for balanced Ration and reduction of methane emission, Urea Molasses Block Production, Mineral Mixture and Bypass Protein were explained.
India and Israel to Further Strengthen Cooperation in Education Sector
Mr. Alon Ushpiz, the Ambassador of Israel to India met Mrs Smriti Irani, Hon’ble Minister of Human Resource Development, on 29th May, 2014 to discuss strengthening of educational relations between India and Israel.
Recalling the close ties in different fields like Science and Technology, Education, Culture, Economic, Commercial etc. between India and Israel, the Hon’ble Minister stressed that education is an engine of growth and collaborative knowledge creation is very important for building a better world.
During the discussion the new Joint Research programme between India and Israel was taken up in which both countries have pledged to take up joint research programmes amounting up to USD 5.0 million per year. It was highlighted that in the first round 66 joint research proposals have been received and the evaluation by the experts from both the sides will start today and will be completed by June, 2014.
Ambassador Mr. Ushpiz informed that Israel offers 200 Post Doctoral fellowships of which about 80 percent are availed by the Indian students. Hon’ble Minister was happy to learn that Israel is also launching another scholarship programme of 40 slots for bachelor and 30 scholarships for Masters programmes in Israel.
The Ambassador also highlighted that Nobel Laureate Ms Ada E Yonath, who received the Nobel Prize in Chemistry with Dr. V. Ramakrishnan will be visiting India during March, 2015. Hon’ble Minister directed the officials that apart from academic conferences and seminars, we should facilitate meetings with young students who would be inspired and motivated towards research in Basic Sciences due to an interaction with Ms. Ada E Yonath.
The Ambassador also invited the Hon’ble Minister to visit Israel.
Recalling the close ties in different fields like Science and Technology, Education, Culture, Economic, Commercial etc. between India and Israel, the Hon’ble Minister stressed that education is an engine of growth and collaborative knowledge creation is very important for building a better world.
During the discussion the new Joint Research programme between India and Israel was taken up in which both countries have pledged to take up joint research programmes amounting up to USD 5.0 million per year. It was highlighted that in the first round 66 joint research proposals have been received and the evaluation by the experts from both the sides will start today and will be completed by June, 2014.
Ambassador Mr. Ushpiz informed that Israel offers 200 Post Doctoral fellowships of which about 80 percent are availed by the Indian students. Hon’ble Minister was happy to learn that Israel is also launching another scholarship programme of 40 slots for bachelor and 30 scholarships for Masters programmes in Israel.
The Ambassador also highlighted that Nobel Laureate Ms Ada E Yonath, who received the Nobel Prize in Chemistry with Dr. V. Ramakrishnan will be visiting India during March, 2015. Hon’ble Minister directed the officials that apart from academic conferences and seminars, we should facilitate meetings with young students who would be inspired and motivated towards research in Basic Sciences due to an interaction with Ms. Ada E Yonath.
The Ambassador also invited the Hon’ble Minister to visit Israel.
Thursday, May 15, 2014
Lemon Tree pumps in Rs. 1,000 cr to ramp up room capacity
Bangalore: Mid-scale hotel chain Lemon Tree Hotels is investing Rs. 1,000 crore to ramp up room capacity from 2,800 to 8,000 across the country by the end of 2017.
In the first phase, about 1,200 rooms will be added in a year.Capital infusion
Lemon Tree has recently received Rs. 300 crore from Dutch pension fund APG, increasing APG’s shareholding in the hotel chain from 5.66 per cent to 13 per cent.
This is in addition to the Rs. 650-crore APG invested in Lemon Tree in 2012. The fresh infusion of capital will be used for development of the company’s under-construction assets and also for acquiring land for developing new hotels. The other three investors in Lemon Tree Hotels are global private equity firm Warburg Pincus, Japan’s Shinsei Bank and Kotak Realty Fund.
“We are the country’s third largest hotel chain that owns and operates rooms after Tata’s IHCL (Indian Hotels Company, the No. 1) and ITC Hotels.
Our ramp-up will include rooms in our upscale brand Lemon Tree Premier, mid-scale brand Lemon Tree Hotels and economy brand Red Fox,” said Sumant Jaidka, COO.
He was in Bangalore for the launch of Lemon Tree Hotel in Whitefield, a 130-room hotel that the company re-branded after acquiring the erstwhile Clarion Hotel last year through Fleur Hotels (a joint venture between Lemon Tree and APG).
The company is looking to increase its footprint in the South, where it currently has over 1,000 rooms in three cities — Bangalore, Hyderabad and Chennai. “We have two resort hotels, one each in Goa and Kerala, and are in the process of finalising two more – one in Aurangabad and the other in Jaipur. We are also in the process of finalising hotels in Coimbatore, Coorg, Kovalam, Ooty and Thiruvananthapuram,” said Jaidka.
Founded in September 2002 by Patu Keswani, the New Delhi-based company currently owns and operates 25 hotels in 15 cities, aggregating 2,800 rooms with 3,000 employees.
Its hotels are located in major destinations such as Ahmedabad, Aurangabad, Bangalore, Chandigarh, Chennai, Dehradun, Delhi, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kerala, Noida and Pune.
Some of the locations where Lemon Tree hotels are currently under development are – Mumbai, Pune, Kolkata, Udaipur, Hyderabad and Shimla.
In the first phase, about 1,200 rooms will be added in a year.Capital infusion
Lemon Tree has recently received Rs. 300 crore from Dutch pension fund APG, increasing APG’s shareholding in the hotel chain from 5.66 per cent to 13 per cent.
This is in addition to the Rs. 650-crore APG invested in Lemon Tree in 2012. The fresh infusion of capital will be used for development of the company’s under-construction assets and also for acquiring land for developing new hotels. The other three investors in Lemon Tree Hotels are global private equity firm Warburg Pincus, Japan’s Shinsei Bank and Kotak Realty Fund.
“We are the country’s third largest hotel chain that owns and operates rooms after Tata’s IHCL (Indian Hotels Company, the No. 1) and ITC Hotels.
Our ramp-up will include rooms in our upscale brand Lemon Tree Premier, mid-scale brand Lemon Tree Hotels and economy brand Red Fox,” said Sumant Jaidka, COO.
He was in Bangalore for the launch of Lemon Tree Hotel in Whitefield, a 130-room hotel that the company re-branded after acquiring the erstwhile Clarion Hotel last year through Fleur Hotels (a joint venture between Lemon Tree and APG).
The company is looking to increase its footprint in the South, where it currently has over 1,000 rooms in three cities — Bangalore, Hyderabad and Chennai. “We have two resort hotels, one each in Goa and Kerala, and are in the process of finalising two more – one in Aurangabad and the other in Jaipur. We are also in the process of finalising hotels in Coimbatore, Coorg, Kovalam, Ooty and Thiruvananthapuram,” said Jaidka.
Founded in September 2002 by Patu Keswani, the New Delhi-based company currently owns and operates 25 hotels in 15 cities, aggregating 2,800 rooms with 3,000 employees.
Its hotels are located in major destinations such as Ahmedabad, Aurangabad, Bangalore, Chandigarh, Chennai, Dehradun, Delhi, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kerala, Noida and Pune.
Some of the locations where Lemon Tree hotels are currently under development are – Mumbai, Pune, Kolkata, Udaipur, Hyderabad and Shimla.
Kirusa buys Bangalore-based start-up Cooltok
Bangalore: New Jersey-headquartered voice messaging and social media solutions firm Kirusa announced the acquisition of start-up Cooltok for an undisclosed sum.
Cooltok specialises in developing technologies for mobile messaging apps for smartphones.
The six-member Cooltok team, including the founder CEO Sreenivas Karanam and co-founders Prakash Kaja and Thomas Mathew, have already joined Kirusa’s office in HSR Layout, Bangalore. Besides the team, Kirusa has acquired all the technology and intellectual property of Cooltok.
“The IP-based technologies that we developed for mobile apps, when combined with the product portfolio of Kirusa and the reach of its partner base across continents, will enable us to address a huge opportunity, going forward,” said Karanam.
Kirusa is associated with over 35 mobile carriers across the globe and its InstVoice app offers seamless telecom messaging.
Cooltok specialises in developing technologies for mobile messaging apps for smartphones.
The six-member Cooltok team, including the founder CEO Sreenivas Karanam and co-founders Prakash Kaja and Thomas Mathew, have already joined Kirusa’s office in HSR Layout, Bangalore. Besides the team, Kirusa has acquired all the technology and intellectual property of Cooltok.
“The IP-based technologies that we developed for mobile apps, when combined with the product portfolio of Kirusa and the reach of its partner base across continents, will enable us to address a huge opportunity, going forward,” said Karanam.
Kirusa is associated with over 35 mobile carriers across the globe and its InstVoice app offers seamless telecom messaging.
Cipla invests $1.5 million in Chase Pharma
Mumbai: Drug-maker Cipla has invested $1.5 million ( Rs. 8.9 crore) in Washington-based Chase Pharmaceuticals Corporation Inc, an early stage drug development company.
Chase, which has a patented approach to improve the efficacy, safety and tolerability of existing Alzheimer’s medications, is now focused on developing new approaches to treat the disease.
The investment, done through Cipla’s UK-based subsidiary, Cipla (EU) Ltd, translates into a 14.6 per cent stake in Chase on a fully-diluted basis. Cipla will invest another $4.5 million in Chase on the achievement of certain milestones. In addition to financing Chase, Cipla will collaborate with it to develop the drug. If successful, Cipla may provide low-cost access to Chase’s lead drug in India and South Africa, it added.
New ventures Cipla was in the news last week for reportedly rebuffing predatory overtures from Israeli drug-maker Teva Pharmaceutical Industries, a development Cipla denied in a note to stock exchanges. The funding by Cipla is part of a $21-million investment through a syndicate, said Chandru Chawla, head of Cipla New Ventures. The venture charts an innovation-led course for the company around areas including biologicals and revitalising of existing safe drugs, besides leveraging Cipla’s delivery technologies.
The venture looks at areas that play to Cipla’s strengths and fit into the company’s values of addressing affordability and access to the drug, Chawla told Business Line . Consumer healthcare is another area of interest, he added, without getting into the details.
Funding syndicate Cipla will look at growth opportunities, he said, adding that they are already invested in regenerative medicine and stem-cell therapies through Bangalore-based Stempeutics Research. The investment syndicate consists of Edmond de Rothschild Investment Partners and New Rhein Healthcare LLC.
The $21-million two-phase financing will support Phase 2a and Phase 2b clinical trials where Chase’s lead drug CPC 201 will be tested on humans. The original venture funding for Chase was provided by the Brain Trust Accelerator Fund in 2010.
Alzheimer’s on the rise Cipla Global Managing Director and Chief Executive Subhanu Saxena said the investment was consistent with Cipla New Ventures’ mission to build more innovation-led business streams for Cipla in the future. Chase’s work on Alzheimer’s assumes importance against the backdrop of its global prevalence. Over five million patients are estimated to suffer from dementia in India, most of who are afflicted with Alzheimer’s, says Cipla. And these numbers are expected to double by 2030.
Unlike other developed nations, in India, the caregiver is the family and the economic and social impact of the illness is far-reaching, the company added.
In North America, Alzheimer’s disease affects over seven million patients, and growing, as the population ages.
The disease costs the US $203 billion annually with projections to reach $1.2 trillion by 2050, Cipla pointed out.
Chase, which has a patented approach to improve the efficacy, safety and tolerability of existing Alzheimer’s medications, is now focused on developing new approaches to treat the disease.
The investment, done through Cipla’s UK-based subsidiary, Cipla (EU) Ltd, translates into a 14.6 per cent stake in Chase on a fully-diluted basis. Cipla will invest another $4.5 million in Chase on the achievement of certain milestones. In addition to financing Chase, Cipla will collaborate with it to develop the drug. If successful, Cipla may provide low-cost access to Chase’s lead drug in India and South Africa, it added.
New ventures Cipla was in the news last week for reportedly rebuffing predatory overtures from Israeli drug-maker Teva Pharmaceutical Industries, a development Cipla denied in a note to stock exchanges. The funding by Cipla is part of a $21-million investment through a syndicate, said Chandru Chawla, head of Cipla New Ventures. The venture charts an innovation-led course for the company around areas including biologicals and revitalising of existing safe drugs, besides leveraging Cipla’s delivery technologies.
The venture looks at areas that play to Cipla’s strengths and fit into the company’s values of addressing affordability and access to the drug, Chawla told Business Line . Consumer healthcare is another area of interest, he added, without getting into the details.
Funding syndicate Cipla will look at growth opportunities, he said, adding that they are already invested in regenerative medicine and stem-cell therapies through Bangalore-based Stempeutics Research. The investment syndicate consists of Edmond de Rothschild Investment Partners and New Rhein Healthcare LLC.
The $21-million two-phase financing will support Phase 2a and Phase 2b clinical trials where Chase’s lead drug CPC 201 will be tested on humans. The original venture funding for Chase was provided by the Brain Trust Accelerator Fund in 2010.
Alzheimer’s on the rise Cipla Global Managing Director and Chief Executive Subhanu Saxena said the investment was consistent with Cipla New Ventures’ mission to build more innovation-led business streams for Cipla in the future. Chase’s work on Alzheimer’s assumes importance against the backdrop of its global prevalence. Over five million patients are estimated to suffer from dementia in India, most of who are afflicted with Alzheimer’s, says Cipla. And these numbers are expected to double by 2030.
Unlike other developed nations, in India, the caregiver is the family and the economic and social impact of the illness is far-reaching, the company added.
In North America, Alzheimer’s disease affects over seven million patients, and growing, as the population ages.
The disease costs the US $203 billion annually with projections to reach $1.2 trillion by 2050, Cipla pointed out.
Indian Institute of Management Ahmedabad ranks 4th in Economist good value MBAs
Mumbai: Indian Institute of Management Ahmedabad (IIMA) has been globally ranked fourth-best overall among 20 leading B-schools globally in terms of return on investment for its students by The Economist good value MBA, the institute said in a release citing an article in the publication.
"The Economist calculations are one measure of how economically rewarding our students find the IIMA experience to be," said Prof Ashish Nanda, director, IIMA."But returns from education at IIMA go beyond purely pecuniary returns to self. Our alumni consistently report that they find the IIMA learning experience life-changing," he said in the press release. Many of them go on to contribute meaningfully to the enterprises they join and the society in which they live, Nanda added.
"The Economist calculations are one measure of how economically rewarding our students find the IIMA experience to be," said Prof Ashish Nanda, director, IIMA."But returns from education at IIMA go beyond purely pecuniary returns to self. Our alumni consistently report that they find the IIMA learning experience life-changing," he said in the press release. Many of them go on to contribute meaningfully to the enterprises they join and the society in which they live, Nanda added.
IT infra market will touch $1.9 b this year: Gartner
Mumbai: The Indian IT infrastructure market — comprising server, storage and networking equipment — is set to grow by four per cent this year to touch $1.9 billion, research firm Gartner has indicated.
“In the global landscape, India is a promising IT infrastructure market through 2017…The global IT infrastructure investment is expected to be almost flat in 2014 and will be primarily driven by hyper scale and data centre modernisation initiatives,” said Mike Harris, research group vice-president at Gartner.
Naveen Mishra, research director at Gartner, said that India’s IT infrastructure market will touch $2.35 billion by 2017. “After sluggish market conditions in 2013, the Indian infrastructure market will witness investments primarily fuelled by key IT initiatives that include mobility, cloud and big data,” said Mishra.
The research firm indicates that Indian enterprises will be focusing on building intelligent data centres that focus on optimising existing hardware assets by using additional software capabilities. Separately, Gartner said that competition for talent would determine the success of digital business.
“Bring in people from outside with the required knowledge, skills and competencies — some as external experts, not necessarily as permanent employees. Chief Information Officers who learn to orchestrate talent can take advantage of global ecosystems of expertise to build digital expertise quickly,” said Partha Iyengar, vice-president and distinguished analyst at Gartner.
“In the global landscape, India is a promising IT infrastructure market through 2017…The global IT infrastructure investment is expected to be almost flat in 2014 and will be primarily driven by hyper scale and data centre modernisation initiatives,” said Mike Harris, research group vice-president at Gartner.
Naveen Mishra, research director at Gartner, said that India’s IT infrastructure market will touch $2.35 billion by 2017. “After sluggish market conditions in 2013, the Indian infrastructure market will witness investments primarily fuelled by key IT initiatives that include mobility, cloud and big data,” said Mishra.
The research firm indicates that Indian enterprises will be focusing on building intelligent data centres that focus on optimising existing hardware assets by using additional software capabilities. Separately, Gartner said that competition for talent would determine the success of digital business.
“Bring in people from outside with the required knowledge, skills and competencies — some as external experts, not necessarily as permanent employees. Chief Information Officers who learn to orchestrate talent can take advantage of global ecosystems of expertise to build digital expertise quickly,” said Partha Iyengar, vice-president and distinguished analyst at Gartner.
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