The growth of technology industry in India is expected to change gear in this year.And the main reason is that India has exited FY 16 on a reasonable positive note.The main cause is the excellent management of fiscal deficit at 3.9 percent of GDP and expected growth rate of 7.5 pct plus,The RBI is expected to be supportive of milder interest rate in the April first week announcement,and the various infrastructure projects,particularly the road sector is stepping up due to de logging of projects in the economy.Coal production this year has been record high level and power plants are not starved at all of the fuel.Restructuring of disco so thru UDAY and expected announcement of new UMPP will be a fillip to power sector.Steel sectors need of safeguard duty is also being finalized for combating steel demand slowing globally.Exports are on a slide for past one year,but the trade deficit is also
narrowed due to low imports and still low fuel prices.
But how is our technology industry is changing which will eventually trigger new projects and applications where the T&M and associated services can be deployed now on?We need to answer this possibility thru various bulk initiatives proposed by the Center.Top of them is deregulation and new DPP 2016 for Defense.Many new conglomerates and SMEs will become the strategic partners where the record high of 50 Billion Dollars worth projects are earmarked for Indigenisation.This coupled with Smart Cities project and Mobile manufacturing projects (some 100 of them) in various states will drive Capex and T&M demand.Green energy and Solar projects are another major T&M consumption.The national 4G where Jio is making major investment of Rs 150 000 cr will be triggering continuous buys of T&M.
M2M initiative is going to be important for new IoT type of work in telecom sector as well as others in the economy.So the sensor based T&M will be part of taxonomy in these projects.Emphasis is being placed on Cloud,Analytics and Big Data.Digital India across various public processes will also consume newer type T&M in bulk.Big public sectors also will be customers of power test equipment and system components.The Dept of Space allocation is continuously on the rise and so also of Railways projects of infrastructure and required monitoring equipments at several places.DEFENSE LABORATORIES are the main source of technology in strategic pursuits and T&M will be specially
important here.Indigeneous navigational satellites will spur lot of monitoring and test equipment.We hope that the FY 17 will be very positive for the industry as these new projects are funded by the center. Best of Luck.
The T&M sales are so much linked to policies and budgets alloted. But most budgets seem to get consumed without any real figures on the overall growth in the dependent service sectors. Most service companies seem to be still not getting the benefits. The sales should match services to make this sector to a real thriving business model.
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