Indian IT sector now in good shape,set for good growth: TCS

The IT industry is now in a good shape and the industry will post substantial growth in the coming days,TCS Vice-Chairman S Ramadorai said.

Tata Consultancy Services (TCS) today said India’s multi-billion IT industry is now in a “good shape” and the domestic market would record a substantial growth in the coming days.

“The IT industry is now in a good shape and the industry will post substantial growth in the coming days (in the domestic market),” TCS Vice-Chairman S Ramadorai told reporters here.

He,however,was still concerned about the European market. “The Europe market is still a little bit of concern,but the market is likely to improve in the coming days.”

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On the Indian IT giant’s role in China,Ramadorai said the Tata Group firm has learnt to think big from the neighbouring country,which has contributed a lot to TCS’ growth.

“Not surprisingly,we found that the Chinese were very keen to learn from India’s software success. What better way to do so than to establish a partnership. Therefore,we were invited by the Chinese Government to form a joint venture to create a large-scale global offshoring base in China in 2005.”

The Mumbai-based TCS,Asia’s largest IT firm,currently has five service centres in China.

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