Not a member yet?
|
Narasimhan's review
Investment Sector: Emerging Markets Submitted by Narasimhan 
, Owner
at Krish Systems
7 months ago Tags: Minerals Supply routes commodity prices Add Tag |
Apart from coal mining interests Indo Australian investment is seen to be growing in Information technology based companies. Australian information and communication market is worth AUS $ 100 Billion, marginally higher than the Indian IT market. This market is growing at a healthy 17%. 79% of the population in Australia having access to Internet Australians rank third in the world in terms of internet usage.
Well known Indian IT majors such as Infosys, TCS, Satyam, Polaris, Wipro, MindTree, iGate, and several other Indian companies have offices or operations in Australa. Their operations are further boosted by growing number of Indian students estimated at 60, 000 studying in Australia.
It is notable that Australia is need of skilled labor to meet the expanding requirements of estimated 4000 call centers and other business processing centers in Australia. It is meeting these needs by outsourcing from India, Philippines, and Malaysia. Mortgage processing, Insurance claim processing, Superannuation, Credit Card Processing are some of the processes that are being outsourced from Australia.
Major strides are being made in Mining industry where the application of information technology is expected to help the industry cut costs and achieve higher efficiencies. India’s proven skill sets in CAD, satellite mapping and e-cataloging has helped some of the Australian companies to improve their productivity.
Therefore one can say that the Indo Australian investment activities are not alone in the former securing the mineral supplies but also extend to other areas including information technology.
Did you find this article useful?
