In 2014, technology budget is also expected to increase by the American companies with the share of outsourcing budget which is set to increase faster. In the current fiscal year ending March 2014, according to Nasscom, there are chances that IT exports are likely to reach $86 billion and domestic IT sector also increases by 12-14 percent.
There are few technical companies who wanted to increase their business growth in FY15 are prepared for hosting their parties at the end of the year and for this they are booking banquet halls for conducting the events with the inclusion of the reward programs for their employees and for their family members. Some of the events organized by the companies are theme based while most of them also include games, music, dance, special performers and F&B dining. Mostly these parties contain 50-100 people or maximum 5000 people.
According to the Roshan Rajpal, director of sales and marketing at Ibis & Novotel Bangalore Techpark, the number of parties has also increased. Now parties on the occasion of Diwali and Christmas are also hosted by IT companies, whereas earlier it was only one of them.