Business Standard

‘Market to grow in low single digit for a few months’

- SUMEER CHANDRA Managing director, HP Inc. India More on

HP, the America-based informatio­n technology multinatio­nal, is betting highly in India on government contracts and the micro, small and medium enterprise­s (MSME) sector, with the focus on digitisati­on and implementa­tion of the GST levy. SUMEER CHANDRA, managing director of HP Inc India, shares his plans with

Arnab Dutta. Edited excerpts:

When do you see the market returning to normalcy and growth reviving?

Of the past few quarters, at least two were unique, with demonetisa­tion and the goods and services tax (GST) being effected. The market is expected to grow in low single digit for the next few months. I am optimistic that as the benefits of GST start to shape over the next nine to 12 months, growth will be back in the market. Also, government investment­s are expected to pick up in 2018, which will also help the market sentiment to improve.

Your consumer business has grown in recent quarters. Where will the next phase of growth come from?

We are doing very well in the consumer side of the business and that is not only due to the destocking ahead of GST. Also, as MSMEs settle down under the GST regime, they will shift from outsourced solutions to in-house systems, which will be a huge opportunit­y for us, as we have already lined up affordable turnkey solutions for GST filings.

HP had said it is getting bullish about the government’s digital drive. What exactly you have done in the past few quarters?

To cater to the growing need that has been arising due to the government’s push for a digital India, we took up a project one and a half years earlier. We formed a separate team of 40 people and started devising a product and solutions strategy. We are executing projects in a number of areas and digitisati­on is one. We have, for example, digitised the land records in Bihar and are now in talks with a number of courts and many other state government­s for digitisati­on of data. We are also equipping the Central Board of Excise & Customs for implementa­tion of GST. Delivery and authentica­tion at the PDS (Public Delivery System) store level is also something we are eyeing.

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