Thursday, April 23, 2009

Tata Wants to Double the Revenue of Software Industry in 3-4 Years in India

You know that global economic recession is getting aggravated day by day and it seems that the worst days have not come yet. Due to slowing economy, India’s software outsourcing industry is suffering too as the American and European companies are cutting their expenditure on international technology. That is why, Tata Consultancy Services Ltd. has decided to focus more on Indian market, and thus, gradually cutting the dependence on American and European market.

Tata Consultancy Services Ltd. is the country’s largest software export company in terms of yearly revenue. Now, they want to double their domestic revenue in the next 3 to 4 years. Well, I think, it would be a good initiative to focus more on Indian market, but I am not sure if the company would find as much works available in Indian market as it used to do in the American and European markets. Moreover, the marginal revenue of Indian market would not be as profitable as of European and American markets.

Related article:

The Wall Street Journal