Posts Tagged ‘Grow’

Regional trade volume to grow

January 28th, 2012

The Indian regulators of trade regime, currently visiting Pakistan, have discussed snags and bottle necks in trade normalization between the two countries with Pakistan trade bodies and official trade facilitators to pave the way for signing a comprehensive customs agreement when the Indian Commerce Minister would arrive Pakistan on Feb 13. Iqbal Tariq Puri, CEO Trade Development Authority of Pakistan(TDAP) who was briefing the press after a marathon meeting with Indian regulators today said that although the border trade with India will have no bar on agriculture exports in accordance with the requirements on both sides across the border, a negative list of a small number of items is also under consideration to protect and safeguard the interest of the local industries.

He was of the view that India a huge market of over a billion population would open new avenues of trade when the trade normalized between the two sides. Replying to a question, he said that there is a possibility of outsourcing by India IT industry to Pakistani it professionals which would also be beneficial for the two countries, however said that currently more focus is being paid on normalization of trade and the question of currency swap like China and Turkey may be considered at a later stage.

Meanwhile the interactive session held at Trade Development Authority of Pakistan with the trade regulators of Government of India explained the trade regime of India and responded to the queries of Pakistani exporters. Mr. Tariq Puri, Chief Executive TDAP informed the participants that as a part of the process of normalization of trade between Pakistan and India, the Ministry of Commerce and TDAP had conducted extensive interactive sessions with all stakeholders for identification of non-tariff barriers in the Indian import regime.

Mr. Puri briefly explained the recent progress being made towards trade normalization, like: a comprehensive custom agreement is being finalized andwhich will also have the mechanism for expeditious clearance of cargo; sharing of trade laws; customs valuation; setting up of joint boarder liaison committee. Moreover, agreement is being finalized to bring harmonization in standards. Indian government is in the process of introducing more liberal visa regime policy.

The event was well attended by the Pakistani business community which included all relevant Trade Associations as well as members of the FPCCI and KCCI. The Indian regulators; Mr. Rajiv Raizada, Additional Director, Export Inspection Council and Mr. Rajeev Kumar Sharma, Deputy Director Technical of Food Safety and Standards Authority of India (FSSAI), gave an overview of the Indian import regime and procedures and explained at length the Food Safety, Standards and Inspection requirements. The participants of the meeting thanked the Indian Regulators for their initiative and asked pertinent questions as well as sought clarifications regarding the Standards and Inspection requirements of the Indian Authorities.

Mr. Puri also briefed that TDAP is also engaging consultants to study the potential of Indian market and their finds will be discussed with the stakeholders in a series of seminars to be held though out Pakistan by TDAP. They will study the potential of various Pakistani products for Indian market and they will also examine the tariff structure vis-à-vis of other competitors. The session was attended by Mian Abrar, President KCCI; Dr. Ikhtiar Baig, Chairman Pak Denim; Mr. Bashir Jan Muhammad of Gul Ahmed Textiles; Mr. Khalil Sattar of K&N.

Source:http://pakobserver.net/detailnews.asp?id=137634

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Are Managed IT Services Set to Grow this Year?

January 25th, 2012

Business of all sizes and sectors across the country are still worried about the poor conditions of the current economic environment, which is not set to improve this year, as analysts and experts have already announced. With no way of avoiding this situation, organisations can only try to make the best of it, and perhaps use it as an occasion to really assess what expenses are essential to their business and how they can take advantage of the weakened financial setting. It is important to try to make the best of what one has and what is available in order for an organisation to survive or even grow during hard times.

Of course when money is tight the Service Desk is one of the departments more likely to suffer, with all the possible consequences on the rest of the business. With most IT projects scrapped from the beginning, it takes a good justification to invest in anything more expensive than a screen wipe. Yet correct management of the Service Desk, including continuous training of IT staff, an inexpensive absence cover system, continuous service improvement ethos, updating service management processes to the latest and most relevant best practices and meeting the appropriate targets can still be possible without incurring in eye-watering bills. This is the principle behind a Managed IT Service – a Service Desk can work to a good standard at all times, because someone else is taking care of it and all variable costs become fixed.

Various types of IT outsourcing have become popular in the last few year – from offshoring to cheaper countries to having only some Support staff managed by a provider. Different options work for different organisations, but generally speaking the popularity of one over another during a recession or uncertain economic environment depends on a series of factors and in particular: low risk; ROI; ease of adoption/set-up; as well as a financial factor. In times like these, where one doesn’t want to be involved in large projects or revolutionise their whole IT department and have to re-think the way they deliver and use IT Support, a radical option such as offshoring or full outsourcing might not be ideal. With a Managed IT Service Desk, the ‘status quo’ of the IT department should not be affected as the expectation is the supplier will implement a robust framework which ensures that existing Service Levels are at least maintained, whilst transitioning the Service Desk to a ‘future state’ model over an agreed period of time.

This meets the requirements of ease of adoption and risk, as it is easier to set up, reverse, retake charge of or switch provider, when compared with a fully outsourced or offshore solution. This option can also assure a certain level of information security compared to a fully outsourced service, as the Service Desk will be based at close sight within the organisation’s premises (unless otherwise requested) and the system, and therefore the data stored and processed within it, is owned by the company. The minimised risk makes this a good choice when one cannot afford to take risks.

As for the financial factor, most outsourcing models will eliminate the cost of certain projects such as staff training or service management implementations, and make variable costs become fixed: the provider will agree to meet certain SLAs for a set price, and it is up to them to provide the appropriate staff upskilling, best practice processes and so on within their budget, in order to meet targets. But a managed IT service will not require the extra cost of moving the service desk elsewhere, hiring or buying new equipment, sending managers over to another place, city or country to check on how the service desk is doing and, also, the costs involved in switching back to in-house or to another provider if the initial project failed.

Finally, the return on investment is clear and demonstrable. Having an expert provider taking control of your existing IT Service Desk will increase productivity and efficiency, reduce the volume of incidents and Service failures and ensure a significant part of your IT spend is fixed and controlled, giving the company peace of mind (IT becomes someone else’s problem) and allowing business to function at its best.

With these premises, it is likely that managed IT services will be chosen over and over again as an option to meet the demanding IT standards of a modern-day organisation in a time when any investment must be carefully thought and justified, and the return on investment clearly proven. This much needed headache relief can allow companies to carry out their business without having to worry about the quality and sudden expenses related to their IT, and therefore get a better chance to survive or even increase their work in these hard times.

Source:http://www.sourcingfocus.com/site/opinionsitem/4807/

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‘The only way for HCL to grow is by eating somebody else’s lunch’

December 19th, 2011

As the macro-economic situation continues to be grim across Europe and companies are paring down IT budgets, Vineet Nayar, vice chairman and CEO of HCL Technologies told HT that he sees growth prospects in bagging existing deals that come up for renewal. Excerpts: How would you
compare the current situation with 2008?
I feel a twister (storm) is in the making. The December shutdown – number of companies shutting down business in December under the garb of holiday, health, snow etc – is back and it is larger than 2008. A large number of companies anticipate de-growth in IT budgets.

The bigger issue is, we were depending on a rational reaction to this storm, but if it is not logical then a twister does get formed.

But similar things happened after Lehman Brothers collapsed in 2008 as well…
This time is different. From October 2007 till July 2008, there was investment of millions of dollars in new IT licences. And this brought growth for the last two years.

Now, in absence of new software licences one could see from 2010 onwards a slowdown in enterprise applications and in new roll outs. The point often missed is that by September 2008 there already were software licences purchased. But not this time. I feel the next 24 months are going to be bad for new projects.

So where does HCL Tech stand in all this?
We are clear about two things: one, there will be de-growth in IT budgets; two, transformation budgets are going to be frozen for some time. The only way for HCL to grow is by eating somebody else’s lunch.

So we have to participate aggressively in total IT outsourcing deals that are coming up for renewal and win a significant part of that.

Will you be more aggressive in acquisitions?
We have the suitors, we have targets but we are not convinced about the timing. I plan to acquire for capability and it has to Europe dominated. So I need to ask what is going to happen to Europe and what will be the demand for that capability. I feel we are still a few months away in answering those questions. We are still in active talks but not willing to go further. This may not be the right time to acquire.

Tell us about your overseas hiring plans?
We will create 10,000 new jobs by 2015 in US and Europe. At HCL it will be our endeavour to continue creating jobs for the locals in the market we operate.

Source:http://www.hindustantimes.com/business-news/InterviewsBusiness/The-only-way-for-HCL-to-grow-is-by-eating-somebody-else-s-lunch/Article1-784095.aspx

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BPO market to grow 25 pc in 2010

March 30th, 2010

The business process outsourcing (BPO) market in India is estimated to grow 25 percent in 2010, according to IT research and advisory firm Gartner.

The domestic India BPO services market grew by 7.3 percent year-on-year in 2009 primarily due to the global economic uncertainty which led to some price and volume pressures.

Gartner said in a statement it estimates the Indian domestic BPO market would grow into a USD 1.2 billion market by 2011 and grow to USD 1.8 billion by 2013.

In the short term, market trends such as changing demographics and affluence levels, consumption of value-based services, increasing focus on service quality and the continued momentum of mergers and acquisitions (M&As) bear watching, as their impact is certain to influence shifts in buyer needs and behavior, said T J Singh, Research Director at Gartner.

The Indian domestic BPO market is one of the high-growth services segment and has now become more organised.

In the last two years, many established Indian BPO providers and some of the multi-national corporation service providers focusing primarily on the international offshore services market have shifted greater focus and investments to the Indian domestic market”, said Singh. The economic slowdown accentuated this phenomenon”.

Source:http://smetimes.tradeindia.com/smetimes/news/industry/2010/Mar/30/bpo-market-to-grow-25-pc-in-2010-gartner61058.html

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