Since the beginning of 2001,the T&M market in India started behaving very differently than the previous thirty years or more.Whereas the T&M market earlier concentrated heavily on Defense,Aerospace and an occasional Pubcasting and DoT sectors, it decisively started growing with the deregulated Private sector Telecom.The Government and Public sector gave way to neo telecom companies in the private sector.By 2003 end the trend was getting into mainstream!
If we review the achievements overall in the past decade,few things are very evident.Telecom sector revenue logged up to approx 300KCr and the FDI was approx
10B$ plus and many private sector companies,or their associates became 100 KCr mcap.All major business groups piled on the bandwagon.The involvement of Private sector led to new devices companies like Micromax,Karbonn,Lava and extended to manufacturers like Gemini,HFCL etc.Many started cashing out by selling to overseas players.Market for T&M could get boost,particularly till2008 end.After struggle of past three years,and several anxieties later started looking up again.
Like wise the overall T&M market also went up and down with Telecom.New players like Education sector,industrial and defense R&D and power utilities chipped in with newer type of T&M businesses.Overall gain though was emergence of all together new private companies in all those sectors,where Government was dominant earlier.
What does future hold for market? Bright and even brighter as we move forward.Newer areas are slated to privatise,telecom technologies are getting more pervasives,FDI is expanding in new areas and GDP wants to explore new areas of growth to beat Global stagnation.T&M will get its due share and place of influencing.I am optimistic.
Also good day to write this blog.We celebrate our daughter Shikhas birthday today.As a bonus to boot we have Chinese new year,and also Netajis birthday.
Sunday, January 22, 2012
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