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Home: Automation, digitization to create opportunities in IT defence market: study

Automation, digitization to create opportunities in IT defence market: study

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NetIndian News Network
New Delhi, February 4, 2012
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The increasing use of information technology (IT) for secure and real-time communication and efficient human and machine management in the armed forces presents tremendous growth opportunities for the Indian IT sector, a study by Frost & Sullivan has said.
 
It said that, although there was a lack of large system integrators in the country, Indian firms were moving up the value chain via tie-ups with foreign defense majors by leveraging offset obligations.
 
The report, Executive Analysis of IT Opportunities in Indian Defence Market, finds that India's defence budget will cross $50 billion by 2015.

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