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Archana Venkat

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Chennai March 1 Real estate prices have nearly doubled in the last three years. This, coupled with the likelihood of the rupee appreciating in the short-term will affect infrastructure spending, say technology companies.

"It will impact on our margins by 1-2 percentage points. We are trying to minimise this through improved operating efficiency," says Mr Manoranjan Mohapatra, President & Chief Operating Officer, Aricent. The company proposes to iron out rupee movements by using hedge options such as contracts across dollar, yen and euros payments in billing.

Perot Systems too, plans to use derivative instruments such as futures and options to hedge against the anticipated rupee appreciation.

NIIT Technologies is looking at a `global sourcing' strategy to reduce infrastructure cost in future. "We foresee China, Malaysia, and Taiwan becoming hot destinations to source most of our infrastructure needs," according to an NIIT spokesperson.

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