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Tata Infotech to focus on local market Business Standard - July 27, 2001

Mumbai: Tata Infotech is focusing on the domestic front to beat the effects of the US slowdown.

The company, which saw an over 50 pr cent growth in its US business last year, is expecting a reduced growth this year. The company is expecting to beat the US meltdown by developing new technologies and XML-based products.

Tata Infotech managing director, Nirmal Jain, said: "Last year we witnessed an over 50 per cent growth in the US, but this year with the US slowdown, I feel we will barely be able to achieve half of that growth. Although US will still remain our biggest growth market, we are equally focusing on developing new products and technologies for the domestic market.

Elaborating on the plans for the domestic market, Jain said: "Our focus is to become one of the largest systems integrators of the country". Currently, the domestic market contributes close to 30 per cent of Tata Infotech’s turnover.

"We are working on a number of frontline technologies for voice recognition, natural language processing and IT security apart from embedded technology for the whole industry," Jain said. "We have developed a product on XML technology which helps to convert legacy documents into word documents completely through automation.

This is an intelligent product and we have the IPR for it," said Jain. The product is scheduled be launched in three to four months. Currently, the alpha and beta tests of the product are on. Tata Infotech has recorded net profits of Rs.5.42 crore for the quarter ended June 30, 2001.