BUSINESS

PC sales may grow at 30 p.c. — MAIT

NEW DELHI DEC .4. Revising its earlier projection of 27 lakh units, hardware association MAIT today said personal computer sales during the current fiscal would cross 30 lakh units on the back of strong demand from telecom and financial services sector. ``We will comfortably cross 30 lakh PCs during the current fiscal as we see a strong demand from telecom, banking and financial services sector,'' Vinnie Mehta, Executive Director, Manufacturers Association of Information Technology (MAIT), said on the sidelines of a seminar.

Earlier, MAIT had set a target of 27 lakh units of PCs in 2003-04. PC sales crossed 6.4 lakh units in the first quarter of the current fiscal and MAIT had also upped the forecast for the first half.

Citing buoyant business sentiment in the market as the reason behind the upward revision of its first-half sales projections to over 14.2 lakh units from 12.1 lakh units estimated earlier, Mr. Mehta said the industry would grow at a rate of 30 per cent during the year. According to another PC tracking firm IDC, PC market grew 24 per cent in July-Sept touching seven lakh units. — PTI

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