The Outsource Blog

General discussion, news & views about Outsourcing and Offshoring

Posts Tagged ‘Dubai’

Worst is over for IT services: Experts

December 9th, 2009

The worst seems to be over for the Indian IT services industry as the captains of the sector were more upbeat about the future. Suresh Vaswani, Joint CEO, Wipro, said: “We do want to capitalize on the upturn that is taking place…Things are looking better and therefore the outlook is positive.”

The export-dominated Indian IT services industry has been severely impacted by the ongoing recession in the developed economies, especially in the U.S. and Europe, and now there are signs of certain uptick in demand for outsourcing and offshoring, reports Economic Times.

Som Mittal, President of industry body Nasscom, said, worst seems to be over for the India’s technology services industry and it is expected that IT would be driving the growth for many economies. He said the industry growth for Financial Year 2010 (FY10) is expected to be in single digits and not likely to revise estimates given the current optimism. “If you look at the first half, growth was not there. It is taking into account what growth rates will come in the third and fourth quarters,” Mittal added.

Nasscom’s forecast for FY10 fiscal is likely to grow much slower than the 16 percent growth in FY09. Vaswani said there are newer verticals and geographies emerging as growth opportunities. Wipro is seeing stronger demand for outsourcing in the Middle East and Latin America.

According to the Vaswani, the company has not been affected the Dubai crisis. “The contracts we have in Dubai are good contracts, they are sustainable contracts,” he said, adding most of its clients in the Middle East are from oil and gas and manufacturing sectors and it does not have large exposure to the financial sector.

Source: http://www.siliconindia.com/shownews/Worst_is_over_for_IT_services_Experts-nid-63616.html

Share and Enjoy:

Comments Off »

Posted in News

Tags: Dubai IT Offshoring Outsourcing Wipro

Indian IT cos insulated from Dubai World crisis

November 30th, 2009

Share

The Indian IT services and outsourcing industry is expected to remain insulated from the ongoing debt crisis in Dubai World, with firms having minimal exposure to the region. Industry insiders fear a long-term impact coming from banks and financial institutions that had lent to the Dubai World. These institutions could account for about 30% of the revenues of Indian IT companies.

Companies like Wipro Infotech, Infosys Technologies, TCS and Mahindra Satyam do not have many clients based out of the Middle East. The business they have there is marginal in terms of size of the contracts.

Viral Thakker, partner, sourcing advisory services practice, KPMG, said, “This geography was already facing risks since the last one year. Firms cannot just start focusing on other geographies immediately if there are any risks involved in a particular geography. However, there is no major exposure, with only single-digit revenues coming from Dubai. Therefore, we don’t expect any material impact on the IT industry due to the Dubai crisis.” A report by research firm CLSA too viewed the crisis in a similar perspective for the IT sector.

Wipro Infotech, a unit of Wipro Technologies that focuses on the India and Middle East market, said it does not expect any material impact of the Dubai crisis. Anand Shankaran, chief executive, Wipro Infotech, said, “We had seen an impact in Dubai about nine months to a year ago. We then took appropriate steps to mitigate the impact of the risks felt.” So, the firm started focusing on countries like Saudi Arabia, Abu Dhabi and expanded to Africa. “The revenues coming from Saudi Arabia have increased three fold since last year. Going ahead, we do not expect any material impact on our business coming from this geography.”

Wipro handles a number of clients in the Middle East. The company is in a five-year contract with Saudi Arabian Airlines for infrastructure management sized at about $100 million, a data centre hosting project for Abdullah University, Saudi Arabia, entire BSS/OSS implementation project for a greenfield telecom company in Saudi Arabia, infrastructure services project for road & transport authority of Dubai in UAE.

Source:http://www.financialexpress.com/news/-Indian-IT-cos-insulated-from-Dubai-World-crisis-/547784/

Share and Enjoy:

Comments »

Posted in News

Tags: Dubai Indian IT Outsourcing

Dubai Outsource Zone To Participate At GITEX 2009

October 14th, 2009

Share

Dubai Outsource Zone (DOZ), a member of TECOM Investments, today announced its participation at the GITEX TECHNOLOGY WEEK 2009, the principal industry event in the Middle East.

To be held from 18-22 October at the Dubai International Convention and Exhibition Centre, the GITEX TECHNOLOGY WEEK 2009 will host global leaders in the ICT industry and include product launches by some of world’s most well known majors. The event will also offer key networking opportunities for industry professionals.

Dubai Outsource Zone will join sister company Dubai Internet City (DIC), also a member of TECOM Investments and the region’s largest managed information and communications technology cluster, at DIC’s stand (No CC2-1) for the five-day event.

Ismail Al Naqi, Executive Director, Dubai Outsource Zone, said: “GITEX remains one of the region’s best platforms for companies and individuals to meet, network and learn about the opportunities available to them. We particularly prioritise our presence at this event for the new possibilities that it has opened for us. With the outsourcing industry in the region continuously maturing and evolving, this is undeniably a critical time for us to be part of such an event.

“The Middle East is enhancing its reputation as a strong and viable alternative to other outsourcing hubs worldwide. Our strategic location in Dubai, at the crossroads of the East and the West, places ourselves and the companies that operate out of our business park in a strong position to capitalize on this crucial advantage.”

Dubai Outsource Zone has evolved into a base for both captive and third-party operations, providing mid- to high-end outsourcing services. The special economic zone currently hosts a number of companies in multiple sectors such as Banking and Finance, Insurance, IT, and Hospitality.

Share and Enjoy:

Comments Off »

Posted in Event

Tags: Dubai GITEX Outsourcing

Indian IT Companies to Showcase Brand India at GITEX Dubai 2009

October 13th, 2009

Share

With over 55 exhibitors, India is emerging as one of the most prominent exhibiting countries at GITEX Dubai 2009. Speaking at a Press Conference, Mr. Sooraj Dhawan, official spokesperson for the Indian delegation and Director, Falcon Exhibitions Pvt. Ltd., shared information on the Indian companies who are exhibiting at 29th Gitex Technology Week being held in Dubai from 18-22 October 2009.

Gitex is the biggest ICT exposition in the Middle East and amongst the Top 3 ICT Exhibitions in the world. With over 3000 exhibitors and 125000 Trade Buyers from all over the world, GITEX is the biggest converging point for global IT suppliers and Technology buyers in Asia. ICT spending in Gulf states (Saudi Arabia, UAE, Kuwait, Oman and Qatar) is expected to exceed US$ 10.10 billion by 2010.

“India is showcasing its expertise in the areas of Computer Software, Hardware, Security and Telecom Solutions., added Mr. Dhawan. Prominent Indian companies exhibitors at Gitex Dubai 2009 include L&T Infotech Ltd., HCL Technologies Ltd., Polaris Retail Infotech Limited., Bharti Teletech Ltd., Wings Infonet Limited, net4i, Aksh Optifibre, Financial Technologies (India) Ltd. etc., “ informed Mr. Dhawan.

Indian companies are renowned for their expertise in Computer Software and this is aptly reflected at the technology display at GITEX.

“Wings Infonet Limited shall be displaying their complete range of ERP solutions including Wings Payroll, Wings Asset, Wings Retail, Wings Auto, Wings F&B, Wings DMS. Gateway TechnoLabs Pvt. Ltd. shall display their Global track record in delivering, IT Services like Application Development/Maintenance/Migration/Re-engineering etc. Navigators Software Pvt Ltd will display HR Performance Appraisal Software, Real Estate Management Software, e-commerce solutions etc. Polaris Retail Infotech Limited will demonstrate solutions in Retail ERP domain. Silver Touch Technologies Ltd.will be focussing on iPhone, BlackBerry, Symbian(Nokia) based mobile apps, MS Dynamics NAV/CRM implementation and integration, Remote Infrastructure Services, NOC services, IT consulting on Government and Turnkey projects and Software development outsourcing. ANGLER Technologies India Pvt. Ltd. will offer Software Products on Fleet Management, CMS (Content Management Systems/Web Portals), CRM/SFA, E-Learning Systems, E-commerce platform, Time & Attendance software, Mobile Applications and TimeSheet solutions, IP Phone, Universal Gateway, Hospitality PBX, GSM FCT and VOIP etc.,” added Mr. Dhawan.

Mr. Dhawan also informed the press about strong Indian presence in Telecom sector and mentioned that Matrix Telecom Pvt. Ltd. will showcase their Enterprise PBX, IP PBX, SMB PBX VOIP Gateway, GSM Gateway systems.

Bharti Teletech Ltd plans to showcase Phones , Modems , IP products , EDGE Cards , Allied GSM Products , Set Top Boxes , ODM/OEM Services , Network Access Equipments in the category of Multiservice Access Platform , Mobile Backhauling , HDSL , High End Interface converters , Ethernet Access . Other Telecom companies include Coral Telecom Ltd. and Digilink etc.

“India is equally strong at Computer Hardware and also showcasing PC and Printer solutions, UPS Solutions etc. Companies such as SUKAM, Luminous, Genus and others will be the star attractions in the Indian Hardware pavilion. India offers excellent solutions in networking and Information security services and companies like Elitecore and MWTI will be displaying state of the art solutions in this domain ,” informed Mr. Dhawan.

GITEX 2009 is also seeing several first time exhibitors. These include companies like Vodafone Essar Limited who will promote Carrier Business offers for Voice and Data Services. Financial Technologies (India) Ltd. shall demonstrate their experience, capabilities and expertise in providing IT Consultancy Services.

Mr. Dhawan said, “In addition to Indian companies, various Indian states will be wooing overseas investors for attracting Inward investments. Kerala, home to three state-of-the-art facilities known as Infopark, Technopark and Cyberpark will offer unique investment opportunities like Land (undeveloped, semi developed, fully developed), finished built space as well as Public Private Partnership (PPP) opportunities to prospective global investors into India. The state of Orissa is also exhibiting their Investments options.”

“India participation at GITEX 2009 is strongly supported by the Electronics and Computer Software Export Promotion Council of India (ESC), who is emerging as the leading Indian organisation for promotion of Technology exports from India”, concluded Mr. Dhawan.

Share and Enjoy: