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Avaya Global sees more growth in software market
June 12, 2008
Source: REUTERS
MUMBAI: Avaya GlobalConnect Ltd sees the Indian market for software and technology services growing faster than the western world and other countries, a top official said on Wednesday.
Avaya, which provides communication systems and services, derives about 90 percent of its revenues from India, mainly from back-office functions, financial services sector and IT-enabled services.
"There is a huge opportunity in India and it will grow fast," Vice Chairman and Managing Director Niru Mehta told media. It expects its revenues from Australia to spike to about 14 percent from 10 percent now, over the next two years, but India would remain the real growth story, he said.
The financial services sector is seeing a slower growth due to the sub-prime crisis in the US, which also impacted banks in India. The company is making a conscious effort to increase its thrust on manufacturing, hospitality, retail, education and the telecom sectors.
Industry body National Association of Software and Service Companies (Nasscom) had said on Monday that India's back-office sector would see a lower growth in the current financial year due to the US slowdown.
"There will be a slow-down in investments by companies and our software sector will realise that they have to tap the growth happening in the domestic industry," Mehta said. Margins from domestic clients are lower than in the US and Europe, while technology adoption is slower, prompting Indian software vendors to prefer more lucrative western countries.
"The software industry will adjust to it," said Mehta, adding Indian companies were now learning they had no choice but to adopt technology and leverage cost efficiencies.
The Indian back-office industry generated revenues of $11 billion in 2007/08, Nasscom said. According to a study done by Nasscom in association with the Everest group the back office industry is seen generating revenues of $50 billion by 2012.
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India ranks third in Asia Pacific for eBay
 June
12 ,2008
Source: PTI
KOLKATA: India ranks third in terms of value of goods sold for eBay Inc in the Asia Pacific region, the company said on Wednesday.
"In the Asia Pacific, Korea comes first followed by Australia and then India in terms of value to goods sold," eBay official spokesperson Deepa M Thomas said here today.
"India is ahead of China is terms of transactions, but not on the number of users," she said.
Asked when eBay India hoped to scale up in ranking, eBay India category management director Muralikrishnan B said, "there is no internal target, but we will continue to grow in the country by bringing more and more users."
Europe and Asia Pacific contributed 55 per cent of the USD 59 billion worth of goods transacted on eBay. Company officials, however, declined to divulge country specific figures.
eBay claimed to enjoy the highest preference from online marketplace users to trade on their portal in the Rs 1,100 crore online retail marketplace with two million registered users.
"Out of total e-commerce market size of Rs 9,800 crore, the retail online space is worth Rs 1,100 crore and growing at 30 per cent," Thomas said.
In India, northern and western regions accounted for 60 per cent of the total value of goods transacted in the country on eBay of which Delhi and Mumbai contribute a lot. Cities like Bangalore, Chennai, Ahmedabad, Pune and Kolkata are other major contributors.
eBay offers opportunity for online selling of products across the globe including 670 cities across India and also gave training to sellers on the web. |
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Haryana to set up Web based Grievances system
June 12, 2008
SOURCE: PTI
CHANDIGARH: Haryana Government has decided to set up a "Web Based Grievances Registration System" so that people could register their complaints easily and system could be made more effective and vibrant.
This was stated by Haryana Chief Secretary, Dharamvir while addressing the media persons here today.
He said that after setting up the system, people could register their complaints from anywhere through internet. The detailed information regarding the Web Based Grievances Registration System would soon be provided to the general public, he added.
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