Positive outlook for IT outsourcing

Sify Finance.

"What I see on the ground is the spend increasing and 2011/2012 will be a better year for the industry, better for growth," said company CEO N Chandrasekaran, according to NDTV Profit.

"Demand is quite robust," he said, adding that the company sees opportunities in banking, financial services, retail, manufacturing, hi-tech, overall across the board. The types of deals are either related to driving efficiency or driving growth or compliance, he noted.

Meanwhile, DNA India reports that Chandrasekaran said the company sees traction in domestic as well as European and North American markets.

“As far as the Middle East is concerned, in the present scenario I see no major impact of political turmoil."