6371

Indian firms to spend heavily on IT products: Gartner report

Report says manufacturing, natural resources firms will spend Rs.40,800 cr on information technology products in 2013
Comment E-mail Print Share
First Published: Wed, Feb 06 2013. 09 20 PM IST
Gartner says spending on consulting services is expected to grow at a fast clip exceeding 22%, and on software services at over 15%. Photo: Mint
Gartner says spending on consulting services is expected to grow at a fast clip exceeding 22%, and on software services at over 15%. Photo: Mint
Updated: Thu, Feb 07 2013. 02 36 PM IST
Bangalore: Indian manufacturing and natural resources companies will increase spending on information technology (IT) products and services by 9% to Rs.40,800 crore this year, technology researcher Gartner Inc. forecast in a report released on Wednesday.
These firms will allocate most of that amount on telecommunications services, on which they are expected to spend about Rs.13,200 crore, Gartner said.
“Despite India’s slowing economic growth, manufacturing and natural resources remain large and important sectors in the Indian economy, and they are attracting increased IT spending to improve productivity and competitiveness,” said Ken Brant, research director for manufacturing at Gartner. “Indian manufacturers are seeking to use IT to make process improvements and information from across manufacturing operations more transparent and actionable.”
Spending on consulting services is expected to grow at a fast clip exceeding 22%, and on software services at over 15%, Gartner said. The forecast includes spending on internal and external IT services, hardware, software and telecom services.
On Monday, Gartner predicted the Indian government’s spending on IT products and services in 2013 would expand by 10.5% from last year to Rs.36,800 crore.
Comment E-mail Print Share
First Published: Wed, Feb 06 2013. 09 20 PM IST
blog comments powered by Disqus
  • Wed, Apr 16 2014. 06 11 PM
  • Wed, Apr 09 2014. 05 19 PM
ALSO READ close

Mindtree’s March quarter net rises 9% to $15.9 mn

Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved