New Delhi, November 9, 2004
Delivering the keynote address at India’s first EPCGlobal RFID event, Kris Gopalakrishnan, COO, Infosys Technologies Ltd said that RFID offers tremendous potential for catalysing India’s growth and development. However, the transformative potential of RFID cannot be taken for granted as there are many challenges en route.
Elaborating on the RFID revolution and its opportunities in India, Kris discussed how RFID can catalyse India’s global competitiveness. “India stands at the threshold of a great revolution. Not only does RFID afford the opportunity to build on our proven software services strengths, we now also have the opportunity to leverage our high level of engineering skills and lower cost manufacturing capabilities to be at the forefront of a virtually new segment of IT hardware. India thus has all the pieces necessary to offer a complete RFID ecosystem”. He pointed out that with RFID, India has another opportunity to leapfrog into a next generation technology. “We can replicate our phenomenal success in the mobile telephony space with RFID, just as we migrated from the then conventional wire line technology and moved straight to GSM”.
Speaking on the recent renewal of interest in RFID, he said, “Though the core technology is over fifty years old, it is our existence in this information driven world that is driving its resurgence – more and more information is generated, stored, exchanged and used in electronic form and what RFID offers is an efficient way to do this. ” Talking on the benefits of RFID, he shared how enterprises can benefit from real time information on their products and assets throughout the value chain.
Talking about the use of RFID in various verticals, Kris said that the manufacturing sector has the potential to leap frog to the next level of efficiency in managing their supply chains and start competing more effectively with global players like China. In the pharmaceutical sector, RFID can improve raw material tracking for the manufacturing audit trail right from the factory floor to avoid counterfeiting of drugs, speeding clinical trials etc. In the transport sector, RFID can be used in fleet management, toll collection on highways etc. Kris added, “There’s no doubt that there is a significant opportunity for Indian software companies”.
He pointed out that key to the success of RFID will be an architecture that can sieve through volumes of transactional data to identify actionable information and trigger intelligent decision making. Talking about the challenges that India faced in its attempts to capitalise on the RFID revolution, Kris pointed out the urgent need to allocate UHF spectrum that is aligned with international standards and urged the government to take necessary steps in this regard.
With its comprehensive solution that addresses both business and technology aspects of RFID, Infosys has helped plan, evaluate and implement RFID solutions for U. S. and European global clients in various industries.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20 - F for the fiscal year ended March 31, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. These filings are available at www.sec.gov . Infosys may, from time to time, make additional written and oral forward - looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward - looking statements that may be made from time to time by or on behalf of the company.
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