Promote: Made-in-India

S. Mohini Ratna,
Editor-VARIndia

Good times seem to be ahead as after a consecutive fall in the last two months, the private equity deal value increased on a month-on-month basis in November 2010. Total private equity investment in India increased 27 per cent - from $357 million in October to $452 million. The heydays of our economy are evidenced by the fact that we are the second-largest telecom market in the world with 706 million mobile and landline subscribers and 670 mobile subscribers with a teledensity of 60 per cent. Over and above these, India has 10 million broadband connections, and 3G Spectrum is to set in soon. 

As a result, we will see the IT industry revolving more and more around the build-out and adoption of this next dominant platform, characterized by mobility, cloud-based application and service delivery, and value-generating overlays of social business and pervasive analytics. In addition to creating new markets and opportunities, this restructuring will overthrow nearly every assumption about who the industry's leaders will be and how they establish and maintain leadership. 

India has gained global repute as a hub of software professionals, while China is strong on the computer hardware front. It is time the IT industry in the two countries should work together to dominate the world's tech industry. As the Chinese Premier visits India at the time of writing this, both India and China have set an ambitious trade target of $100 billion by 2015. Indeed, when the two Asian giants speak with one voice, "the world listens". The Chinese telecom equipment manufacturer Huawei Telecommunications has earmarked an investment of $2 billion in India over the next five years. 

DIT in December 2009 has estimated that the total electronics hardware sector market forecast for 2020 is $400 billion. To make this possible, the Government needs to formulate policy restructuring in Excise Duties. This is critical as China is extremely aggressive and capable of preventing the shift of key manufacturing accounts to India by offering aggressive sops. We need to be equally aggressive to bag the catalyst manufacturing plants and enable India as a manufacturing hub. Promote: Made-in-India / Indian Manufactured Products. 

Wish you all a Merry Christmas and a Very Prosperous New Year.