Indian Software companie. Local customers. Global references!
Came across this interesting article in Economic Times today- that Indian software companies are citing large Indian installations as reference when the take their products to world markets. And examples cited were Infosys with its Finacle, Nucleus and few other banking products. Banks like ICICI and SBI have become very credible references in the global sphere- given their scale of operations. IN fact, believe Infy even has ICICI's CEO meet up their analsyst and prospects, to provide reference and make a case.(This struck very close home for me, as ICICI is still the single largest customer for Pramati. Has been a site licensee for nearly four years now. Any new solution ICICI aquires/builds, if it is J2EE based then it by and large would be running on Pramati Server. )
Three things:
1) The trend is really interesting. That Indian deployments are credible references in the world market. And am sure this will only increase going forward. And soon, we will have global sofwtare product brand(s) from India. :-)
2)And then I saw this other article today that Indian auto and some hitech companies have two way relationship wth some global majors. Locally assemble/manufacter and resell the latter's products, and in return provide a sourcing channel for Indian auto parts. Global R&D & products come into Indian markets, and Indian manufacturers get a solid channel into the global players' spaces.
3) Consider that IBM is investing $6billion in the India operations. I was impressed by the careful choice of worlds. This sees local sales, servics and global offshoring from here, all clubbed into one entity. Apart from perception considerations, guess there is some reality as well here. Even few years back we saw the $750 million deal that IBM stuck with Bharti (Airtel). Since then the local IT market has only grown bigger. Recent Nasscom numbers suggest 10+ billion$ sofwtare market alone, for Indian domestic use. And this also has a steep growth. So guess little wonder that IBM is upbeat about Indian market, as there is a lot of good business possible here. Announcing that it is investing 6 big B is only going to help its case, when being considered for any opportunities!
All these are just some signals of the serious opportunities available in the softeare space. And as we are still not big into software products and packaged solutions, the opportunity is probably even bigger in this space. And I always consider Hyderabad poised just about right for thsi revolution. At a tim ewhen this is getting increased attention, Bangalore infra is splitting and a general tresnd to move out. And next to Bangalore, probably Hyderabad is the best and most vibrant software center today. Lot of companies. Good talent pool (much more than one would realise!). Slow but steadyily building startup movement (Pramati is surely one big daddy of tech startups.. that even today has the agility of a startup!). Cost of living is relatively lower (atleast as of now.. not sure how long it will remain so). Lot of edu institutions. Other than the 2-month summer, a very pleasant weather rest of the year. And a very pro-active pro-industry govt and city administration.
Need to see ho wmuch such environment can foster new enterprise!
posted by Ramesh L. @ 4:03 AM
13 Comments:
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