IT spending in India is set to grow the fastest in the world in 2008, says global research firm IDC.
* The server market in India grew by 30 per cent year-on-year to reach US$ 169 million in factory revenues during the second quarter of 2007, according to IDC Asia/Pacific Quarterly Enterprise Server Tracker, Q2, 2007.
* The overall client PC market in India grew 22.1 per cent, recording 1.53 million shipments in Q2 2007 calendar year as against 1.25 million in the corresponding period last calendar year, IDC said. Desktop PC shipments showed a growth of 11.3 per cent while notebook PCs spurted by 73.1 per cent during the same period (April-June) this year.
IT manufacturing
Moving beyond software, India is now emerging as a hi-tech manufacturing hub. The Department of Information Technology (DIT) has received investment proposals worth over US$ 25 billion from 17 Indian and multinational companies.
Investments worth over US$ 6 billion have already been committed while another US$ 20 billion are in the pipeline. These include India's first LCD panel unit by Videocon at an investment of US$ 1.8 billion and two other proposals for solar cells and photovoltaic cells by Moser Baer and Titan Energy Systems of US$ 3.2 billion and US$ 1.2 billion, respectively.
The proposals come in the wake of the semiconductor policy, under which the Centre plans to give financial sops to companies planning fab units. At least 2-3 units are eligible for incentives under the fab category and about 8-10 under the eco-system section.
M&As
The M&A space in the IT sector has been fairly busy. In November 2007 alone, there were 13 domestic deals and one cross border deal. Six private equity (PE) deals with an investment value of US$ 44 million were inked in one month alone.
Around 58 merger and acquisition (M&A) deals were conducted in November at a value of US$ 940 million, as against 51 deals amounting to US$ 610 million in October 2007, according to a report by Grant Thornton, an accountant and business advisory firm.
The total number of M&A deals during the first 11 months of 2007 now stands at 638, with an announced value of US$ 50.79 billio
* The server market in India grew by 30 per cent year-on-year to reach US$ 169 million in factory revenues during the second quarter of 2007, according to IDC Asia/Pacific Quarterly Enterprise Server Tracker, Q2, 2007.
* The overall client PC market in India grew 22.1 per cent, recording 1.53 million shipments in Q2 2007 calendar year as against 1.25 million in the corresponding period last calendar year, IDC said. Desktop PC shipments showed a growth of 11.3 per cent while notebook PCs spurted by 73.1 per cent during the same period (April-June) this year.
IT manufacturing
Moving beyond software, India is now emerging as a hi-tech manufacturing hub. The Department of Information Technology (DIT) has received investment proposals worth over US$ 25 billion from 17 Indian and multinational companies.
Investments worth over US$ 6 billion have already been committed while another US$ 20 billion are in the pipeline. These include India's first LCD panel unit by Videocon at an investment of US$ 1.8 billion and two other proposals for solar cells and photovoltaic cells by Moser Baer and Titan Energy Systems of US$ 3.2 billion and US$ 1.2 billion, respectively.
The proposals come in the wake of the semiconductor policy, under which the Centre plans to give financial sops to companies planning fab units. At least 2-3 units are eligible for incentives under the fab category and about 8-10 under the eco-system section.
M&As
The M&A space in the IT sector has been fairly busy. In November 2007 alone, there were 13 domestic deals and one cross border deal. Six private equity (PE) deals with an investment value of US$ 44 million were inked in one month alone.
Around 58 merger and acquisition (M&A) deals were conducted in November at a value of US$ 940 million, as against 51 deals amounting to US$ 610 million in October 2007, according to a report by Grant Thornton, an accountant and business advisory firm.
The total number of M&A deals during the first 11 months of 2007 now stands at 638, with an announced value of US$ 50.79 billio
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