Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Time to rethink India's IT reputation, delegation says

Time to rethink India's IT reputation, says visiting delegation

By Pattrick Smellie

Aug. 26 (BusinessDesk) - India's reputation as a low-cost hub for IT "offshoring" is becoming a thing of the past and the country is emerging as an innovation hub with capacity to take ideas to commercial scale, says a leading member of a 15-strong delegation from the Indian state of Kerala, visiting New Zealand for the first time to seek new investment opportunities.

"We are looking for technology partnerships," said Hrishikesh Nair, chief executive of Infopark, an IT park in the Keralan city of Kochi, during presentations in Wellington arranged in concert with the India-New Zealand Business Council before spending two days in Auckland to meet a range of New Zealand IT companies.

Kerala state agencies, in combination with an industry body, GTech, are purusing a strategy to target markets outside the US, including Australia, Nordic countries, the UK, and eastern Europe, and has added New Zealand this year as part of a swing through Australian states.

"New Zealand is an unexplored market from the Indian side," said GTech chief executive Renjith Ramanujam, who described the mission as "exploratory", with previous experience suggesting that if there was "chemistry" for perhaps one in five of the group, new business was likely to be written.

"We are happy with ICT being 10 to 15 percent of the total engagement," he said. "We would be happy to make any number of introductions. There are lots of areas for exchange.

"If luck favours the brave, I'm sure we will have a lot of business happening," he said. A similar visit to Victorian IT companies last year saw a burst of activity and a return visit by a Victorian delegation to Kerala, which is seeking to position itself as an IT hub, with three technology parks strung along the coast of the south-eastern state, known for its environmental purity and social cohesion, as measured by the United Nations Development Index.

Compared with partnerships in China, Indian intellectual property protection was strong, said Binu Jacob, managing director of Experion Technologies and convenor of GTech's business development focus group, which is coordinating the Global IT Connect strategy.

Kerala state is targeting a doubling in its IT workforce to 500,000 in the next five years and pursuing a range of business incubator programmes, as well as lobbying the newly elected federal government of Narendra Modi to reinstate concessionary tax treatments for Software Technology Parks of India.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news