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Convergence Gaining Momentum, Wireless Broadband Growing Significantly, and New Innovative Business Models to Evolve in the Indian ICT Industry, Expects Frost & Sullivan

Source : BUSINESS_WIRE
Last Updated: Tue, May 22, 2012 18:10 hrs

Mumbai, Maharashtra, India:The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion. The Indian telecom sector is now the fastest-growing and second-largest market in the world, with over 900 million subscribers.

Frost & Sullivan hosted the 10th Annual 2012 India ICT Awards at the ITC Grand Central, Mumbai to honor companies that have been extremely resilient in making it to the top in their business category in spite of the current challenging market conditions. The awards covered four main categories: Enterprise Infrastructure, Enterprise IT Services, Enterprise Telecom Services, and Mobile Wireless. These were further divided into 24 sub-categories.



On the occasion, Anand Rangachary, Partner and Managing Director, Frost & Sullivan, South Asia, Middle East, & North Africa, said, “Despite a difficult economic climate, certain players have clearly demonstrated an outstanding performance in the ICT market. Relentless focus on customer satisfaction and product and service innovation with unflinching execution has been the hallmark of their performance. The award recipients are industry leaders in their respective segments and are effectively shaping the ICT landscape of the region.”

Commenting on the outlook of Indian Telecom industry, he said, “The industry would soon come out of the current turbulence born out of a lack of clarity in certain regulatory guidelines. In the next one year, we will have a stabler, maturer telecom market, and I expect to see convergence gaining momentum, wireless broadband growing significantly, and new innovative business models evolve in the ICT space.”

The recipients of the Awards were judged based on a variety of parameters like Revenues, Growth, Market Share, Product Diversity, and Vertical and Horizontal Diversity, which involved in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts. An elite panel of jury members comprising some of the most prominent CIOs/CTOs from the industry evaluated the compiled data and incorporated the end-user perspective. Frost & Sullivan then presented the Awards to the companies that received the number one industry rank in each category.

The Esteemed Jury for the Awards this year included the following eminent personalities:

-- Mr. Ajay Kumar Dhir, Executive Director and Group CIO, Lanco Infratech Limited
-- Mr. Anshul Dureja, President - Corporate Operations and Chief Green Officer, Greenply Industries Limited
-- Mr. Ashok K Aggarwal, Honorary Director General, Telecom Equipment Manufacturers Association of India
-- Dr. Neena Pahuja, CIO, Max Healthcare Group
-- Mr. J.S. Puri, Advisor - Advisor Corporate Affairs and CEO – Strategic Management Solutions FZE, Dubai UAE
Fortis Healthcare Limited
-- Mr. Manish Choksi, Chief - Corporate Strategy and CIO, Asian Paints
-- Mr. N Jayantha Prabhu, CTO, Essar Group
-- Mr. S. Ramasamy, Executive Director (IS), Indian Oil Corporation
-- Mr. Sebastian Joseph, President - Technology and FM, DDB Mudra Group
-- Mr. Tarun Pandey, Vice President - IT, Aditya Birla Financial Services Group
-- Mr. Vijay Sethi, Vice President and Chief Information Officer, Hero MotoCorp Limited
-- Mr. Vikram Idnani, CIO, Trent Limited

The Media Partners supporting the 2012 Frost & Sullivan India ICT Awards were Biztech2.com, Infotechlead.com, Lightreadingindia.com, Telecom Era, Telecomlead.com and Telecomwatch.

The Achievers of 2012 are:

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation and implementation.

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For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

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Contact:
Caroline Lewis, Corporate Communications – South Asia, Frost & Sullivan, +91.98217 37935
Pdf's:
Achievers

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