Hendee Manufacturing Company was the original producer of these motorcycles, but they changed the name to the now iconic Indian Motorcycle Manufacturing Company in 1928. "The me-too small companies that have neither skills nor size will find difficult to keep afloat," says Soota.Īs Ramadorai says, "The Indian industry will continue to do well if we learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size.Ĭlick here for IndiaToday.in’s complete coverage of the coronavirus pandemic.Indian is a popular brand of motorcycle that was founded in 1901 in Springfield, Massachusetts where it was produced until 1953. "But experts believe that focused and niche companies, no matter how small, will thrive.
#Indian 2001 software#
Laments Devesh Sinha, president of the Bhubaneswar - based software export company Enterprise Systems Solutions: "The slow down has worsened the deteriorating outlook triggered by the last year's dotcom bust. While bigger companies may be able to emerge stronger and better from the global slowdown, smaller companies will find the going tough. "It is also time to look at new markets." Companies have already begun to look more aggressively at markets in Europe, Japan and Australia. Putting too many eggs in the US basket is another strategic flaw that may be corrected. No wonder in value terms, India's share in US' software services imports is a minuscule 0.5 per cent.The slowdown will force companies to move up the value ladder. They have a negligible presence in high-value soft ware development or services. So far the strength of Indian software companies has almost entirely been built around price competitiveness. NilekeniFor Indian software companies, the global slowdown could force some long due corrections.
Infosys gained 37 new customers between January and March 2001, whereas between October and December 2000 it had added only 26 new customers. "It is for the industry to identify the opportunities and move ahead."Īlready, some Indian companies have spruced up their marketing to get new clients.
Vineet Nayar, executive vice-president of the Noida based HCL Technologies, estimates that offsite software development centres have about 50 per cent higher margins than onshore projects. He feels India will stand to gain from the current US slowdown as well due to its cost efficiency, quality standards and the strong working relationship with US companies.īy doing in India what they were doing in the US Indian companies will be able to improve their profit margins substantially. Ramadorai"The Indian software industry grew out of nothing in 1991 when recession-hit US companies first started outsourcing work from India," says Ashok Soota, chairman of Bangalore-based MindTree Consulting. Is the global slowdown good or bad? Is it a threat or an opportunity? The mixed message hidden in Nilekani's statement typifies the uncertainty - if not confusion - that's running across the software industry. But it is also time to look at new markets." Says Nandan M.Nilekani, managing director of Infosys: "Our US clients are affected by the slowdown. Similarly, NIIT share prices fell from a high of Rs 1,279 to a low of Rs 404, before staging a recovery.
The price of an Infosys share plummeted from over Rs 4,000 in March 2001 to less than Rs 3,000 in April, before recovering marginally. "We are gearing for an uncertain six to nine months." We are gearing up for an uncertain 6-9 months by investing in new technologies and retraining our work force." NIIT and the Bangalore-based Infosys have issued warnings of lower profits in 2001-02, which triggered a panic reaction in the stock markets. Rajendran, director of the Delhi-based NIIT: "The global economic slowdown is turning out to be more rapid and pervasive than anyone had estimated.
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