BI-MONTHLY SECTOR UPDATE - Issue | June 2021 - Primus Partners
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BI-MONTHLY SECTOR UPDATE
Issue | June 2021
1 Our Take
2 Project in Focus
3 Latest in Technology
4 Technology &
Government
5 Reports in Review
Technology 6 News &
Announcements
7 Industry Activities
“The great growling engine of change – technology.” 8 Looking Forward
Alvin Toffler
Primus Partners India
@partners_primus
Our Take
Top 3 takeaways
With digital collaboration, In these times of the
The sudden rise in remote
remote work & video pandemic, technologies such
workforces and cloud
conferencing becoming as AR indoor navigation, AR
technology, Cybersecurity
integral part of our lives, 5G avatars, remote assistance,
mesh shall see an
may become a reality this mobility VR, AR cloud,.will
accelerated adoption
year get major traction
Sector performance
IT spending in India to touch $93 billion in 2021
Gartner forecasts IT spending in India to touch $93 billion in 2021, driven by digitization of businesses
outside of technology. Cloud is expected to drive majority of the expected software growth in India this year.
Despite an increase of 7.4% compared to last year, it is lower than the global average wherein IT spending is
set to increase 8.4% YoY to $4.1 trillion. Read more
Indian cybersecurity sector poised to touch a pinnacle
A rise in the adoption of cloud platforms, digital payments, ecommerce, as well as internet users count
reaching almost 700 million, has led to an increase in cyber threats in India. However, given the wealth of
technology talent present in the country, India is well suited to create world class cybersecurity products for
the world. Read more
AI to play key role in India’s growth in agriculture
Artificial intelligence (AI) is expected to play a key role in the growth of Indian agriculture catalyzing a shift
towards data-driven farming. With increased government support, growing agritech providers, burgeoning
startup ecosystem and increased technology adoption among rural farming population AI has the potential to
play a key role in relieving the sector from most of its stressful input conditions
Read more
Project in Focus
Development of IT SEZ in Mantripukhri, Imphal, Manipur
Government of Manipur envisions the state to be the IT hub for North-East region of India. Working towards this
vision, the State Government set-up an IT-Park at Mantripukhri, Imphal on a turnkey basis (taken up by the Software
Technology Parks of India (STPI), a Government of India undertaking). The new secretariat is also being developed
at the same location. With development of Manipur Information Technology – Special Economic Zone (IT-SEZ), the
State Government is looking to create a complete ecosystem for development and promotion of IT. IT-SEZ is
planned across 27 acre of contiguous land adjacent to the existing IT Park located at Mantripukhri, Imphal with
separate Processing Zone to house infrastructure viz., Data Centre, BPOs & Call Centers, Electronics System
Design & Manufacturing (ESDM) and Incubation Space for Entrepreneurs together with associated office buildings
including State of the Art IT and Allied Infrastructure and Non-Processing Zones to house Hospital, School,
Residential Apartments, Recreational and Shopping Area, Internal Roads and Drainage, etc. The objective of IT-
SEZ will be to generate large scale employment by tapping into the supply of locally available talented youth and to
promote infrastructure development within the State.
Key Points of the IT-SEZ coming up in Imphal
Processing Zone
• Favorable Demographics
• English Proficiency 5 Buildings for IT companies
• High Literacy Rate
• Adequate future supply
8.8lakh square feet of built-up area
of trained manpower available
• Land already procured
by Government of
Non-Processing Zone
Manipur with no
encroachment
• High employment generation
4.8lakh square feet of built-up area
available
with over 10,000 direct and
over 30,000 indirect jobs Hotel, Hospital, Residential Complex,
expected ESDM Centre, Training Centre, Cultural
and Recreational
Lay out of the IT-SEZ coming up at Imphal
Aerial View of Processing Zone Entrance of Processing Zone
Primus Partners has been associated with Government of Manipur as a Consultant for the IT-SEZ
and has worked on the following:
• Preparation of Detailed Project Report (DPR) capturing the details of land requirement and cost estimation for all
the units in both Processing Zone and Non-Processing Zone
• Preparation of DPR for funding agency – Submission to the DEA and providing support in seeking approval to
apply for funding from the World Bank for the Processing Zone
• Assistance in bid process management for the Units in Non-Processing Zone in a PPP mode
• Identification of a key investor to set up multi crore CIIIT (Center for Incubation, Invention, Innovation and Training)
training center at Non-Processing Zone of IT SEZ Manipur. Multiple other investors have also been identified for
development of units in the Non-Processing Zone.
• Support to Government of Manipur in onboarding contractor to finish the construction work for Building 1 of
Processing Zone (expected to be completed by September 2021)
Latest in Technology
COVID-19 hit the country early last year, which led the preventive and vaccination measures regarding the
to a nationwide lockdown being imposed on 24th corona outbreak.
March 2020 to check the spread of the virus. It led
corporate India to improvise and rejig their business As India is currently caught in the face of the second
models to a virtual environment and adapt to the COVID wave, tech companies have come to the rescue of
new normal of working from home. This also gave a Indians. Google has launched an SOS alert in search for
much-needed impetus to technology-driven use India. Twitter recently announced additional features such
cases across diverse segments in the country and as Twitter Advanced Search, Twitter Near You and Latest
boosted the enterprise application suite customer Tweet to help locate COVID-related information. The
base. feature shows a detailed dashboard where people can
search for related news. Indian users can seek
During the first week of the lockdown itself, there
was a 72% spike in internet browsing. Besides this, information along with the link of the Ministry of Health
streaming platforms and television viewership also and Family Welfare. Hospitals across the country have
increased significantly. According to industry reports, started offering telemedicine, teleconsultations and
there was a 12% increase in mobile consumption support contactless payments. Many e-commerce
from 23 hours per week to 27 hours. Social media platforms like Amazon, Flipkart, Zomato, Swiggy, etc.
platforms gained a spike of 87% usage across have scaled up operations to deliver essential items.
members. Video conferencing apps like Zoom,
The Government was proactive in launching Aarogya
Teams, WebEx, Google Meet, Google classroom,
etc. were the major winners that emerged post- Setu, an app for connecting health services with the
pandemic. The use of virtual meeting spaces public. This app provides users with information regarding
significantly increased due to the “work from home” the risk and advisories of COVID and is leveraged for
policy introduced by corporates. This also provided a contact tracing. Moreover, the CoWIN app currently being
new beginning for women who had left their used to schedule COVID vaccinations across the country
employment earlier for personal reasons. Remote is a bolstered version of the Electronic Vaccine
working also enabled those women to return to the Intelligence Network (e-VIN) used for India's polio
workforce who had earlier left to support eradication programme. Last year, the Maharashtra
family/childcare-related aspects. Technology can government created an application in 48 hours and
now empower women with the opportunities they tracked almost one lakh migrant workers in a period of
deserve, and an increasing number of women are two months on their journey home. In addition, ventilators
taking advantage of this unprecedented situation.
and PPE kits were manufactured speedily and made
Misinformation about the disease, cause, diagnosis available because of technology.
and treatment options, policies, etc. created more
The post-pandemic world will continue to witness the
panic and anxiety among the population. This also
led to widespread chaos, panic buying, hoarding of emergence of disruptive business models, shifts in
essential commodities, price escalations, conspiracy consumer behaviour, new delivery models, and the
theories, etc. To reduce the spread of false remote workplace model will create businesses of the
information, digital pioneers like Facebook, Google, future. All these changes present a massive opportunity
and YouTube are working relentlessly to guide for technology providers and value-chain stakeholder to
people to the correct, verifiable information define the next normal. In addition, the digital economy
published by WHO or local authorities and triggered by the pandemic promises technology
government. By making accurate information innovations that shall help systematically fight future
available to everybody, people can be informed public health emergencies.
about the right steps to take. Most
telecommunication companies chipped in by
changing their caller tune to an alert message aboutTechnology & Government
Govt. launches technology centers to boost MSMEs Centre notifies new Information Technology rules
Govt. launched two technology centers in Andhra Central government has notified new rules under which
Pradesh & Madhya Pradesh to provide provide OTT players and digital news publishers will need to set
technology, incubation, skilling and advisory support to up a grievance redressal mechanism and furnish
the industry in the country. necessary information to the government.
Read More Read More
Two lakh jobs added in IT sector since 2019 Singapore uses blockchain technology to ease travel
amidst pandemic
The IT Minister informed the Rajya Sabha that the IT The country’s Ministry of Health has developed
sector has contributed 8 per cent to the country's GDP HealthCerts, using blockchain which shall help travelers
and has added two lakh new jobs in the Indian economy. undergoing pre-departure COVID tests in digital form.
Read More Read More
Govt to amend telecom license norms to control Ministry of Jal Shakti selects UROS as technology
sourcing from China, non-friendly destinations provider for National Jal Jeevan Jeevan Mission
Under the provisions of this directive, the government Tata Group is set to challenge the existing monopoly of
will declare a list of trusted sources and trusted products NPCI as it plans to build a new mass-market payments
for installation in the country's telecom network. entity that would rival UPI.
Read More Read More
Telangana to promote startups in agri-tech sector Government to constitute empowered committee for
high-tech manufacturing
The State govt aims to promote digital transformation in Central Government has decided to constitute "an
the rural ecosystem and could become a partner, empowered committee for manufacturing in high
consumer and first customer of these startups. technology areas" in order to facilitate investments and
Read More promote manufacturing in technology-intensive sectors.
Read More
Govt. receives bids worth 77146 cr. on Day 1 of Government working on providing optical fibre
spectrum sale connection in 6.5 lakh villages
Telecom operators placed bids worth ₹77,146 cr in first The Union Minister for IT highlighted that Government is
4G spectrum auction in more than four years working on providing optical fibre connection to 6.5 lakh
Read More villages across India
Read MoreReports in Review
Technology Futures: Projecting the Possible, Navigating What’s Next | World Economic Forum
• This report aims to provide strategic insights and foresight which might be critical for leaders of tomorrow
in terms of considering which technologies may be relevant to their organizations in the near future
• Looking back, there has clear line of progress in three particular layers – interaction, information and
computation.
• Taken together, we can use three types of pattern (linear, exponential or cyclical) to broadly characterize
virtually any natural, social or technological trend.
• Organizations are now developing a sense of urgency surrounding information security, and trust looks
set to remain part of the bigger picture for the foreseeable future
• Against a backdrop of exponential growth in connected devices, and rapid industrialization, our current
energy supply will be limited in its ability to support future demand.
• The report provides actionable takeaways that should equip readers with the insights and foresight critical
to tomorrow’s leaders.
Read More
Conclusion:
The report characterizes the trajectory of information technology since its early days. Armed with this
understanding of tech’s journey to the present, an extrapolation from technologies which are currently
emerging, development of each of the three layers in envisaged.
COVID 19 & e-Commerce – A Global View | United Nations
• The COVID-19 pandemic has accelerated digital transformations. Digital solutions are increasingly
needed to continue some of the economic and social activities remotely.
• This report makes a preliminary assessment of the impact of the COVID-19 crisis on e-commerce based
on available data.
• Countries in which governments are well-informed about e-commerce and have coherent strategies in
place have been able to respond to the sector’s needs more quickly and effectively
• Increasing the acceptance and adoption of cashless payments will hasten short-term recovery from the
crisis and lay the ground for stronger e-commerce in future.
• Pandemic conditions have also accentuated weaknesses in infrastructure for delivery of parcels.
Investing in improvements to postal networks, including the introduction of comprehensive physical
addressing, and enabling innovative/competitive delivery mechanisms is the need of the hour.
• Governments and BSOs should assist MSMEs and digital start-ups in building their financial capabilities
in ways that will improve access to investment. Read More
Conclusion:
All stakeholders – governments, businesses, consumers and international development partners – have
an interest in ensuring that e-commerce plays a positive and powerful part in national and international
recovery from the pandemic. Resources should be committed to that goal. Countries that develop
policies and programs in this regard shall be able to leverage the benefits and ‘build back better’; those
that do not risk being left behind.News & Announcements
Top 5 News on the sector Top 5 sector player news
Tech services to hit $350 bn revenue by 2025 China's tech giants fall under regulator's
pressure
According to a report by Nasscom & McKinsey issued in China's State Administration for Market Regulation
March 2021, domestic tech sector in India could see an (SAMR) fined 12 companies including Tencent,
accelerated growth over the next five years with global Baidu, Didi Chuxing, SoftBankin in March 2021 over
trends of increased adoption of digitalization. 10 deals that violated anti-monopoly rules
Read More . Read More
Fintech emerges as one of the fastest growing HCL Tech signs multi-million-dollar deal with
sectors during the last year Japan’s UD Trucks
As a part of its ‘Technology Fast 50’ India 2020 report, HCL shall deliver end-to-end IT transformation spanning
Deloitte India said that fintech emerged as the key digital platforms, agile digital application development,
sector in this year’s rankings with four of the top six migration, support and maintenance and digital workplace
fastest growing companies being from this domain.. services for UD Trucks.
Read More Read More
India's tech sector continues unbridled growth as Amazon plans AI-powered cameras in
six new cos join unicorn club delivery vans
With an accelerated need for digital transformation, Amazon plans to install AI-powered video cameras in
India, the third largest startup ecosystem in the world its branded delivery vans, which shall provide drivers
added 6 cos in the unicorn club including Groww, Cred & with real-time alerts to help them stay safe when they
Meesho Inc. are on the road
Read More Read More
Indian telcos revenues spike amid COVID US-based DXC Technology to hire 7,000 from
campuses in India this year
Telcos are seeing increasing ARPUs on the back of Qualcomm and Reliance Jio announced that they
rising subscriber base, soaring consumption of telecom have aligned efforts to fast-track development and
services in COVID-19, and higher smartphone rollout of indigenous 5G network infrastructure and
shipments. services in India. Read More
Read More
Telecom sector headed for second round of L&T among top 5 IT outsourcing players in the
consolidation Nordic region
According to India Ratings and Research, second round According to a study, L&T has been named in the top
of consolidation is kicking-in in the industry, which will 5 players in the latest IT outsourcing study for the
bring a transformation in the business models of Nordic region. In Sweden, LTI ranked #1 on the
telecom companies in India. customer satisfaction parameter.
Read More Read MoreIndustry Activities
Key movements in the Industry
# Name From To
CEO, Amazon Web
1 Adam Selipsky CEO, Tableau Read More
Services
Vice President, DXC
2 Pierre Bruno CEO (Europe), Wipro Read More
Technology
Deputy CEO, L&T Technology CEO & MD, L&T
3 Amit Chadha Read More
Services Technology Services
Head of Product
4 Mark Nelson CEO, Tableau Read More
Development, Tableau
5 Shouzi Chew CFO, Byte Dance CEO, TikTok Read More
Key M&As across the Industry
# Details
1 Flipkart to acquire online travel firm Cleartrip for $40 million Read More
2 Hitachi to acquire US software developer Global Logic for $9.6 billion Read More
3 Wipro set to buy London’s tech consultancy firm Capco for $1.45 billion Read More
4 Microsoft acquires speech recognition company Nuance for $19.7 billion. Read More
Dropbox to acquire secure document sharing startup DocuSend for $165
5 Read More
million
Panasonic acquires supply chain & AI software provider Blue Yonder for $7.1
6 Read More
billionIndustry Activities
Key Investment & Launches
# Details
IBM announced an investment of USD 1 billion in its partner eco-system in
1 Read More
India to drive the adoption of hybrid cloud and artificial intelligence.
Ratan Tata has invested in Mailit, a technology-driven mailroom management
2 Read More
and logistics company.
Tiger Global Management has led a $53 million funding round in the
3 Read More
healthcare startup Pristyn Care
Amazon announces $250 million Amazon Smbhav Venture Fund to invest in
4 Indian startups and entrepreneurs focusing on digitization of small and Read More
medium-sized businesses
5 Morgan Stanley India invests $21 Million In Telco Services Company iBus Read MoreLooking Forward Listed below are the trends and opportunities which we feel shall define the Indian technology sector going forward. Telemedicine and Telehealth Healthcare systems around the world are trying to bring down the exposure to Covid-19 for both patients and healthcare workers. Telehealth offerings like doctor video chats, AI-based diagnostics and no contact medicine delivery have allowed doctors to connect with their patients albeit in a much safer environment. With growing popularity of such solutions, we may see long-term changes in the regulatory frameworks & standards in healthcare industry. Cyber Security Mesh With more and more businesses adopting a hybrid working approach, the way organisations deal and enact cyber security shall undergo a change. Centralized cyber security strategy i.e. building a single 'perimeter' around all devices in a IT network shall need to be upgraded to a more decentralized approach with an aim to protect the identity of each node in the IT network. Tools like cyber security mesh provide CIOs to manage data in their organization in smaller manageable chunks & allows greater control through things likes asset verification and validation, cryptographic services etc. Augmented Customer With cutting edge Augmented Reality technologies being widely available in the market, businesses shall stive to improve customer experience through personalization aimed at prospective buyers. Many business especially in the retail industry have already grabbed on to these technologies. E.g. IKEA’s place app allows users see the brand’s products in a superimposed graphics environment. Nike’s Fit app allows users to get recommendations for best-choice shoes according to their feet measurement.
About Primus Partners
Primus Partners has been set up to partner with clients in ‘navigating’ India, by experts with decades of
experience in doing so for large global firms. Set up on the principle of ‘Idea Realization’, it brings to bear
‘experience in action’.
‘Idea Realization’— a unique approach to examine futuristic ideas required for the growth of an
organization or a sector or geography, from the perspective of assured on ground implementability.
India is and will continue to be a complex opportunity. Private and Public sector need trusted advisory
partners in order to tap into this opportunity. Primus Partners is your go-to trusted Advisory for both public
and private sector organizations involved intricately with nation building, and the creation and growth of
robust corporations as engines of progress.
Our core strength comes from our founding partners, who are goal-oriented, with extensive hands-on
experience and subject-matter expertise, which is well recognized in the industry. Our core founders form a
diverse cohort of leaders from both genders with experience across industries (Public Sector, Healthcare,
Transport, Education, etc), and with varied specialization (engineers, lawyers, tax professionals,
management, etc).
Primus Partners brings experience of working in more than 30 countries with private and public sector,
including working with Government of India, building and leading large consulting teams at the leadership
level, and creating one of the largest public sector consulting practice in India. They also represent 200
person years of experience in leading global and Indian consulting firms and the public sector.
The founding team is supported by a distinguished advisory board that includes experts with leadership
experience across government, large corporate and notable civil society organisations.
Primus Partners Contacts
Devroop Dhar
Nilaya Varma
Co-founder & MD – Technology
Co-Founder & CEO
Impact Realisation
Pooja Ahluwalia Prateek Gupta
Vice President, Head of Vice President, Technology
Research Impact Realisation
Ayush Kachru
Manager. Technology
Impact Realisation
Disclaimer
The report is prepared using information of a general nature and is not intended to address the circumstances of any particular individual or entity. The
report has been prepared from various public sources and the information received from these sources is believed to be reliable. The information
available in the report is selective and subject to updation, revision and amendment. While the information provided herein is believed to be accurate
and reliable, Primus Partners Pvt. Ltd. does not make any representations or warranties, expressed or implied, as to the accuracy or completeness of
such information and data available in the public domain. While due care has been taken while preparing the report Primus Partners Pvt. Ltd. does not
accept any liability whatsoever, for any direct of consequential loss arising from this document or its contents.
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