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संघशिक्षा वर्ग (प्रथम) कोकण प्रांतका समापन समारोह दि १ जुन २०१३ सायं ६ बजे संपन्न हो रहा है ।निमंत्रण साथ में संलग्न है ।

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Pune Reti News 12-May-2013 Sakal

NIIT News Q3 FY 12-13

NIIT Limited : announces Q3 (Oct - Dec 2012) Consolidated Results FY 2012-13

01/18/2013| 03:53am US/Eastern

Quarter 3 highlights on a continuing business basis

· Records Net Revenue at Rs 232.7 Cr

· Corporate Learning Solutions grows 14% YoY, led by 6 MTS orders

· School Learning Solutions grows 35% YoY

· Fresh Career Enrolments for Banking programs grow 33% YoY

· Strengthens IT Training offerings; Inks MoU with NASSCOM with a vision to provide industry-aligned training to over 1 lakh students in the next three years

NIIT Limited: Q3 (Oct - Dec, 2012) Consolidated Financials at a glance for Quarter ended December 31, 2012 (in Rs. Cr)
System wide Revenue	398.5
Net Revenue	232.7
EBITDA	7.7
EBITDA %	3%
Profit After Tax	0.5

(In view of the divestment in Element K during FY 2011- 12, the following table represents the YoY comparison on a Continuing business basis)

NIIT Limited : Q3 (Oct - Dec 2012) Consolidated financials on a continuing business basis for quarter ended December 31, 2012*
	Quarter ended December 31, 2011 (in Rs. Cr)	Quarter ended December 31, 2012 (in Rs. Cr)
Net Revenue	239.0	232.7
PAT	(16.9)	0.5

*Excluding financials of Element K

New Delhi, January 18, 2013: NIIT Limited, leading Global Talent Development Corporation and Asia's largest IT trainer, today reported its results for the third quarter ending December 31, 2012. In this quarter, the company recorded a Net Revenue of Rs. 232.7 Cr with a PAT of Rs 0.5 Cr.

The results were taken on record at the meeting of the Board of Directors here today.

Career Building Solutions (CBS) recorded net revenue of Rs. 103.4 Cr during the quarter. Despite a challenged quarter, NIIT graduate's job-readiness and acceptance by the industry continued to be favourable with 8,879 students getting placed during Q3. At the same time, the short-term technology courses registered a growth of 9%.

Into its fourth decade of leadership in Global Talent Development, NIIT extended its portfolio to provide training for Commerce graduates and Digital Marketing professionals during the quarter. NIIT rolled out the Diploma in Applied Financial Management for B.Com students and entered into a tie-up with Digital Marketing Institute (Ireland) to create a globally competitive resource pool for the fast evolving digital marketing industry in India.

NIIT strengthened its IT training portfolio during the quarter, by entering into a MoU with NASSCOM to enhance skill development of graduates through its in-campus training initiative, across colleges in the country.

Commenting on the company's performance, Mr Rajendra S Pawar, Chairman, NIIT Limited said, "A Growth of 33% in fresh career enrolments for banking programs reflects the opportunities in the BFSI segment."

NIIT reinforced its talent development initiatives in the International arena, by signing MoU with Vietnam's 3rd largest, University of Da-Nang for its in-campus training initiative, NIIT-Inside.

During the quarter NIIT Imperia launched two new programs- Advanced Program in Strategy for Leaders and Advanced Program in Human Resource Management from IIM, Lucknow.

NIIT completed the intensive training programs for the second batch of Tax Return Preparers for Department of Income Tax in which 3,685 candidates got certified during this quarter.

Corporate Learning Solutions (CLS) recorded net revenues of Rs.79.2 Cr., up 14% YoY on a continuing business basisand added 3 new global customers during the quarter.

Mr Vijay K Thadani, Chief Executive Officer, NIIT Limitedsaid "MTS (Managed Training Services) continued to gain acceptance during the quarter by growing at 18%. It now contributes 70% to our Corporate Learning Solutions business, which now has a revenue visibility of USD 134 Mn."

School Learning Solutions registered net revenue of Rs. 49.8 Cr. during the quarter, up 35% YoY. 137 new schools with Nguru solutions were added in Q3 and Non Government schools revenue grew by 13% YoY.

NIIT MindChampions Academy (MCA) - a joint initiative by NIIT and World Chess Champion Viswanathan Anand to initiate young minds into the World of Chess in schools - crossed the milestone of impacting over 1.65 million children across 16,500 schools since inception, during the quarter.

Mr P Rajendran, Chief Operating Officer, NIIT Limitedsaid, "The success of NIIT MindChampions' Academy (MCA) is a reflection of growing acknowledgement of Chess as a powerful tool to develop young minds. We continue to extend MCA as part of our innovative offerings for schools. "

NIIT's vocational skills training initiative - NIIT Yuva Jyoti, established in partnership with National Skill Development Corporation (NSDC) added new centres this quarter, taking the total number of centres to 26 with over 3,500 enrolments since commencement.

Awards and acknowledgements during Q3:

· Received the Brandon Hall Excellence in Learning 2012 Silver Award in the Best in Competencies and Skill Development category jointly with Shell for Shell Standard Primavera Education.

· Awarded the silver in Chief Learning Officer Learning in Practice 2012 awards for the Excellence in E-Learning category for MetLife Virtual Induction Program.

About NIIT

NIIT Limited, a leading Global Talent Development Corporation and Asia's premier IT trainer, offers learning and knowledge solutions across 38 countries. Leading IT journal Dataquest has conferred upon NIIT the 'Top IT Training Company' award successively for the past 20 years, since the inception of this category.

NIIT's Individual Learning Business offerings include industry-endorsed programs for students seeking careers in IT - GNIIT and Edgeineers, and Global Net Plus for IT professionals. The company has introduced "India's first cloud campus", through its new-age GNIIT program. This offers students a higher mobility as they can access courseware using Netbooks to connect seamlessly to NIIT's Cloud Campus network.

NIIT's Corporate Learning Solutions offers Managed Training Services including integrated learning solutions (strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.

NIIT Yuva Jyoti, a joint venture between NIIT and NSDC, offers vocational skills training programs to enhance employability of youth across India.

NIIT has provided computer-based learning to over 16,500 government and private schools. The futuristic NIIT NGuru range of learning solutions for schools comprises Interactive Classrooms, Math Lab, IT Wizard programs and Quick School (Education Resource Planning software).

NIIT Imperia - Centre for Advanced Learning, offers Executive Learning Programs in association with leading Business schools in India, KPMG, Google India and Internet and Mobile Association of India (IAMAI), using the synchronous learning platform.

NIIT Institute of Finance Banking & Insurance (IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance.

NIIT Institute of Process Excellence Limited, a NIIT-GENPACT venture (NIIT Uniqua), offers complete training outsourcing services to the Business Process, Knowledge and Technology Services industry to create business models that enhance productivity and lower costs.

NIIT has been ranked among the 'Top 10 India's Best Companies to Work for- 2012' by Great Places to Work Institute and 'Top 10 Best Employers in India- 2011' by Aon Hewitt. The company has also been voted the second most trusted education brand in India by Brand Equity- Nielsen Survey 2011.

For media queries, please contact:

Prateek Chatterjee

Vice President, Corporate Communications & Marketing, NIIT Limited

Ph: (Cell) +91 9910201085, (Dir) +91 124 4293041

Email: prateek.chatterjee@niit.com

Reema Bardhan

Corporate Communications & Marketing, NIIT Limited

Ph: (Cell) +91 9891267470

Email: reema.bardhan@niit.com

Sumana Bhattacharya/Niharika Sneha

Candour Communications

Ph: (Cell) +91 9810597176/ 8800861353

Email: sumana@candour.co.in, niharika@candour.co.in

Investors may contact:

Kapil Saurabh, NIIT Limited, Ph (Cell) +91 9899117793, (Dir) +91 124 4293324

Email: kapil.saurabh@niit.com

Doctors Take a Shot at Clinical Research - Economic Times , Mumbai

Doctors Take a Shot at Clinical Research

Medical professionals chart new careers with labs, hone business acumen and managerial skills

ANUMEHA CHATURVEDI NEW DELHI 

Economic Times, Mumbai , 30-11-2012 Pg 8

    Going by her designation – associate director, project management – you'd think Rashmi Vyas was an information technology professional. But she is a doctor, gainfully employed in clinical research. Vyas works in the Cardiac Safety Services division of global clinical research firm Quintiles. The unit works with pharmaceutical companies during clinical trials to ensure the drugs they make are safe for the heart. 
As a project manager, she has travelled across the world to meet pharmaceutical companies and medical practitioners to help them understand the company's ECG business. Today, she supervises a team of up to 10 managers. "My medical background makes it easier to understand the requirements of clients and train internal teams," she says. Vyas says the role also allows her to maintain a better worklife balance: like a typical project manager dealing with overseas clients in an IT firm, she too, gets the flexibility to work from home. 
Though clinical trials in India are bogged down by regulatory constraints and slow approvals, doctors like Vyas are leaving their practice in hospitals and clinics in favour of new career opportunities in clinical research. "The clinical trials industry has grown phenomenally in the past decade," says Dr Vinitaa Jha, director, operations, at the office of research at Max Healthcare. Pharmaceutical multinationals have built a strong foothold in India, and CROs, research departments within hospitals and the pharmaceutical industry provide good employment opportunities to medical and allied professionals, also enabling them to use their managerial skills and business acumen, she says. 
The office of research department at Max Healthcare, which Jha heads, was started in 2006 to spearhead all research activities, including scientific studies, research and clinical trials. Jha, herself a psychiatrist and an MBA, says the number of doctors looking for roles in the research division at the chain has gone up substantially, and the research division also has plans of putting in place a medical writing division which will enable and assist researchers to write articles for journals. 
Fortis Clinical Research, the clinical research division at Fortis Healthcare, also plans to hire more medical professionals for functions like clinical trials, medical writing and pharmacovigilance next year. "Medical professionals are required across all functions in the clinical research industry. With the expected boom in clinical research in India, which is currently limited by regulatory constraints, the roles and opportunities for medical professionals may show exponential growth," says Aditya Vij, CEO at Fortis Healthcare. 
Sanjay Gupta, director, operations at clinical research firm Catalyst Clinical Services too believes the number of medical professionals looking at roles in clinical research has gone up drastically. His firm currently employs six doctors in a team of 25, but he is hopeful of employing more doctors next year if projects increase. While the number of medical professionals employed at firms like Catalyst may not be significant, Quintiles Cardiac Safety Services employs 200 doctors in a total workforce of 240 in India. Quintiles is the only clinical research firm in the world to have a separate cardiac unit for clinical trials, and the global headquarters of the unit is in Mumbai. 
"India is the headquarters as it has an extremely experienced pool of cardiologists. With increasing scrutiny by US authorities, cardiac safety in clinical trials has emerged as a big field, requiring medical expertise," says Dr Snehal Kothari, senior medical director at the unit. "Unlike labs which also employ technicians for preliminary reading of data, we employ physicians at all levels," says Dr Deepa Desai, executive director. 
    To attract and retain medical professionals, the company offers roles in project and operations management to doctors who have worked with them for about two years. While a role in project management allows medical professionals to work on specific projects and interact with global medical teams of pharma companies,operations management involves the process of handling ECG reports, upgrading medical software, managing logistics and reporting, receiving and sending ECG reports. 
Nearly half the doctors at the cardiac unit are out-of-college medical graduates, a quarter of them are specialised MDs and another quarter, super specialists or experienced cardiologists who work with the company as consultants and put in eight to 10 hours every week. The profiles are divided into levels according to the work, with the super specialists right on top. Dr Dattatreya Rao is a super-specialist who began his part-time Quintiles stint in 2006, and works at the unit for two hours every day. "I was alittle skeptical about joining them initially as it almost sounded like an IT company," he says. "But, they have well defined structures, roles and protocols and the pay scales are commensurate with the working hours put in," he says. Clearly, there is no looking back. 
anumeha.chaturvedi@timesgroup.com 

Bar Coding News

सकाळ , मुंबई डी. १८ ऑक्टोबर २०१२ 

Are Walmart & Carrefour Suppliers Sweatshops?

Economic times, Mumbai  : 11th October 2012 

Are Walmart & Carrefour Suppliers Sweatshops? Textile exporters say a special jobs scheme for young girls and women gives them a livelihood. NGOs say the scheme is exploitative. In the middle are western buyers who preach labour rights but don't always practice them. Sriram Srinivasan unravels the issue and the stakes     It isn't often that the biggest rivals in the world of retail—Walmart and Carrefour—find themselves on the same side of a negotiations table. That they did so one afternoon early last month at the old-wordly headquarters of the Southern India Mills' Association, a body of yarn-makers based in Coimbatore that accounts for half of India's yarn exports, is a pointer to the heady challenge facing them and the mills. Over the last year or so, the industry has been rocked by reports from a European NGO alleging the use of bonded labour. India's textile makers can ill-afford such a name, especially after the back-to-back crises they have had to endure in recent years; neither can retailers given the risk to reputation. Although not as glamorous as IT, textiles has substantially filled the export coffers over the years. Today, the members of the Tirupur Exporters' Association, another industry body, account for exports of Rs 12,500 crore. The southern mills sell their stuff in almost 130 countries. And, after agriculture, textiles is the second-largest employment provider. The coming together of Indian textile mills and western brands is the latest attempt to salvage the situation, even as lawmakers in India and Europe seem to have taken cognisance of the issue. The meeting, attended by the two retail biggies as well as by representatives of C&A, Primex, GAP, and three other brands, may help shape their collective response to this controversy, which however shows no signs of dying down anytime soon. That's because the NGO has indicated it isn't over yet. The RumblingsIt all started in 2011, when the India Committee of the Netherlands (ICN), an NGO, and the Centre for Research on Multinational Corporations (SOMO), both based in the Netherlands, published the first of their two major reports alleging exploitation of young Dalit girls in the textile belt of Tamil Nadu. The lead came from local NGOs and trade unions that worked on this earlier. The Dutch report was specifically about four companies: Bannari Amman, Eastman Exports, KPR Mill and SSM India. The second report—an update—was published earlier this year. Its focus was on an employment scheme that is popularly known as Sumangali. Central to the scheme is the promise of a lumpsum at the end of a contract period, typically three years.   The NGO report called the scheme exploitative and said it was "tantamount to bonded labour". That's because, it said, it found evidence of salary being withheld in order make up for the lumpsum. Not just that. It also alleged that the mills were severely restricting the freedom of movement for the girls and forcing them to work long hours (See graphic: Employment or...). The response to the report caught the industry off guard. In recent months, ICN and SOMO have reported, questions about Sumangali have been raised by lawmakers in Spain and the Netherlands, as well as in the European Parliament. For the world's major brands, this presents a huge risk to their reputation. Spokespersons of Marks & Spencer, as well as of Walmart and Inditex, two companies that participated in that meeting with the Southern India Mills' Association, say they have checked and have ruled out the prevalence of such discriminatory practices among their Tamil Nadu suppliers. Marks & Spencer also says it uses "third-party, independent, highly trained auditors" to make such an assessment. For the mills, the result has been a loss of orders and a troubling cloud over their future, something they are publicly loath to admitting. But Eastman, one of the four companies mentioned in the report, shared with ET a letter it sent to ICN in March 2012, where it rebutted all charges against it. Signed by its COO S Rajasekharan, it says: "We have lost business because our names got mentioned in your earlier reports. These reports scare away prospective customers as they fear their names getting dragged by your agencies." Gerard Oonk, director of ICN, says that isn't their intention. "Our adamant plea is that brands should not withdraw but help to create better working conditions and wages," he adds. "Quite a few brands still shy away from their responsibility." A 'Bad' WordAs a result of all this, Sumangali, a Sanskrit word that's used in day-to-day Tamil language to convey auspiciousness, is today paradoxically a taboo word in these parts. Those in the industry would rather use the word 'scheme' even to convey that they don't have anything to do with Sumangalilike arrangements. This, even though Sumangali per se cannot be a problem; only its misuse can be. The first of such schemes was started nearly two decades back. But it's only in recent years that it has taken off, as mills saw it as a rare chance to control an input cost. Labour was already becoming scarce. Cotton prices, which make up over 70% of the cost of making yarn, had by then started making rapid, violent swings. The power situation was pathetic. They have been able to do little about cotton and power. It was also an ingenious idea that targeted girls, school drop-outs largely, around 15 years of age from the remotest parts of the state. The argument was that, but for the work, they would be married off young. A lumpsum at the end of a stint meant handy funds for the marriage. The 15-18 age-group is seen as a grey area by NGOs—the lower end of the age-range just about steers clear of the child labour tag, while the higher end is just about the age to enter into contracts. Mills are critical of the NGO report, terming it an attempt to discredit the industry. K Selvaraju, secretary general of the Southern India Mills' Association says: "You have hundreds of success stories. Thousands of girls go for higher education and have learnt many additional skills. So why aren't they highlighted?" His point is: "The system is good. There could be some flaws. But they are exceptions. And which system doesn't have them?" Before all that, however, his question is: why Tamil Nadu and why just Tirupur and the garment industry and, even there, why these four companies? In fact, he says, he asked those big brands in the meeting why they are mum about far bigger violations that get reported from China and Bangladesh. And, he says, he got no convincing answer on that. That particular question hurts the textile industry in Tamil Nadu even more because Bangladesh has managed to snatch business away from it in recent years. For the eastern neighbour, textile is the bread-and-butter export earner. Its status as a least developed country gives its garments duty-free entry into big markets such as Europe. And with a relatively low cost of labour, the task is that much easier for Bangladesh. ICN's Oonk, dismissing the charge, says: "There are numerous other reports, including by the Clean Clothes Campaign (of which it is a member), on the situation in China and Bangladesh. We have not blown anything out of proportion." More To ComeAnd, it may not be about just those four companies anymore. Oonk says: "We think that the situation in the integrated companies, of which some of them have started improvements, is in fact indicative of much wider problems and may be even deeper in the spinning mills and garment production in Tamil Nadu." That's precisely what ICN's partner on the ground in Tirupur, the Tirupur People's Forum, is working on too. Its convener A Aloysious says: "Now, I am concerned about the over 2,000 other mills in Tamil Nadu. Their employment patterns are changing to the new method (Sumangali-like methods)." Aloysious and his team have started compiling employment data in these mills. They are also tracking recruitment ads of mills (complete with details of lumpsum promises) in local media. On the day of his meeting with ET, a German buyer, whom Aloysious won't name, had met him to understand the labour issue. He believes 80% of the mills have stopped hiring locals because they have to deal with more absenteeism and even collective bargaining. But then the mills have also questioned the NGO report's factual accuracy. In his letter to ICN, Eastman's Rajasekharan also says "It is indeed very strange to us that you make reports on our production facilities without verifying the facts." And that "you mention factory names which do not even exist in our group." His letter also says: "On the one side, you discredit all social audits conducted full year by all the professional social audit agencies, but at the same time you make conclusions based on your researchers talking to 48 workers without verifying a single record in the factory." Eastman, incidentally, was noted by ICN and SOMO as one company that has made the most improvements to its labour policies (among the four) after their first report. So what's the way to resolve this? During their meeting with the mills' association last month, the brands had mooted the idea of a common forum made up of mills, brands, the government, trade unions, organisations such as the London-based Ethical Trading Initiative and the Washington-based Fair Labour Association (both of which have worked to bring stakeholders together on this issue over the last year or so) and the NGOs. The Southern India Mills' Association ticked every name except the NGOs. "What's the stake they (NGOs) have?" asks Selvaraju. "There's a labour advisory board of the government, which is taking care of the system. They have taken so many measures. NGOs simply ignore the board." Ethical Trading Initiative's director Peter McAllister, however, reckons   having NGOs on board will be important. He says: "It is understandable that an individual business, or business association, may not view NGOs as stakeholders. However, NGOs do have a wider role to play in the garment and textiles sector of southern India. It is our experience that credible NGOs and businesses can work together in mutually beneficial ways." Untying the KnotYet, the situation is far from a stalemate. After the public outbreak of the issue, the industry has drafted a code of conduct on labour issues, which it is insisting their members follow. Officially, Sumangali stands scrapped. The Tirupur Exporters' Association has even floated a stakeholders' forum that has, among others, NGOs on board too. Selvaraju says he told the brands: "You take whatever feedback you have from the NGOs, I don't mind. Let's come out with a common code. I have one. Let's hear from you what we are missing. And we can discuss." More than two years ago, his association with German certification firm TUV Rheinland started a voluntary code of conduct certification for mills employing women. (Interestingly, KPR Mills, one of the four textile companies that figures in the NGO report, got the highest possible rating in that.) Selvaraju says brands did ask for the certificate holders' names to be put on the association's website. There are just about seven companies in that list. If brands show interest in these ratings, it might just force the mills to get themselves ready for certification. There's a softer measure Selvaraju is working on—a short film, whose budget he says "will be in crores" and which will be telecast on websites and in private screenings. His association is also trying to rope in a German firm for screenings overseas. "It will be independent. We won't interfere." sriram.srinivasan@timesgroup.com Employment or Exploitation?Indian textile mills, western retailers and NGOs are trading charges on an employment scheme, called Sumangli, that back-loads worker bene •ts and links it to a bond period 1 The Target Set  Women and girls, aged 14-25 years, mostly unmarried Majority of workers are Dalits 2 The Promise Monthly wages of     900-3,500 Lumpsum at the end of a 3- or 5-year contract period;     30,000-56,000 for three years Comfortableaccommodation, three nutritious meals a day, and opportunities for training and schooling 3 The Salary Critique Lumpsum doesn't equal what a worker could earn if minimum wage for an apprentice is paid Workers forced to stay with a factory to get the lumpsum and often don't even receive it Many don't reach the 3- or 5-year mark as they fall sick due to the unhealthy and unsafe working conditions and the long working hours Sometimes workers are fired just before the end of the period, under some feeble pretext 4 The Other CritiquePromises not written down in a contract Prevalence of child labour Forced and excessive overwork Limited freedom of movement Occupational health and safety Physical and verbal harassment Not allowed to form trade unions 5 The Stakes SOUTHERN MILLS:Don't want to lose western clients. Today the members of the Tirupur Exporters' Association alone do exports of 12,500 crore a year WORKERS: Textiles is the secondlargest employment provider, after agriculture, in the South. They need jobs and dignity of labour WESTERN RETAILERS:The likes of Walmart, Carrefour, C&A, Primex and GAP would like supplier continuity without drawing bad press on labour-rights violations Source: India Committee of the Netherlands, Centre for Research on Multinational Corporations Big Business, Bad Suppliers Walmart Workers in some supplier companies in Bangladesh, China, Indonesia, Nicaragua and Swaziland were denied minimum wages and mandated healthcare, and were forced to work overtime without compensation Apple This March, an Apple-commissioned audit at Foxconn, a Taiwan-based supplier with a big presence in China, documented violations like unpaid wages, excessive overtime and low salaries Sports-Goods Majors A 2004 Oxfam report said Adidas, Reebok, Nike and Puma were sourcing from companies whose workers endured seven-day weeks, 16-18 hour days, sexual harassment of women, and forced overtime without pay Nestle USA Its suppliers have been accused of child labour, repression of worker rights, and violation of national health and environmental laws. In 2006, the International Labor Rights Fund and a Birmingham-based law fi rm filed a class-action suit against Nestle and some of its suppliers on behalf of former child slaves Source: Global Exchange, 'Most Wanted, Corporate Human Rights Violators, 2012', International Labour Rights Forum and web sources

India IT spending to reach $71.5 bn in 2013, says Gartner

 

Wed, Oct 10 2012. 08 31 PM IST

India IT spending to reach $71.5 bn in 2013, says Gartner

Telecommunications market is the largest IT segment, with IT spending forecast to reach $47.8 bn in 2013, says report

Software will record the strongest revenue growth at 15% while IT services will grow 12%, according to research firm Gartner. Photo: Madhu Kapparath/Mint

MUMBAI: Information technology (IT) spending in India is projected to total $71.5 billion (around `378 crore today) in 2013, a 7.7% increase from the $66.4 billion forecast for 2012, according to researcher Gartner Inc.

The telecommunications market is the largest IT segment in India, with IT spending forecast to reach $47.8 billion in 2013, followed by the IT services market with spending of $10.3 billion, according to aGartner report released on Wednesday.

The computing hardware market in India is projected to reach $9.5 billion in 2013, and software spending will total nearly $4 billion. Software will record the strongest revenue growth at 15% while IT services will grow 12%. The telecom segment, which accounts for 67% of the Indian ICT (information and communications, technology) market, is set to post 7% revenue growth in 2013.

"Businesses are increasingly looking to IT to help support the challenges of enhancing customer support, supply chain management, optimizing business processes or helping drive innovation in the business," said Peter Sondergaard, Gartner's global research head.

The hardware segment will account for 14.1% of all IT spending in India by 2016, driven by positive contributions from the storage and the client computing segment, according to Partha Iyengar, head of research, India, at Gartner. Mobile phones will continue to be the fastest growing space within the Indian IT market, he said.