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Tuesday, September 21, 1999

Y2K compliance to cost Rs 2,500 cr

 
NEW DELHI, SEPT 20: India's expenditure on rectifying the millennium bug will touch a whopping Rs 2,500 crore by the year-end with the country already having spent nearly Rs 2000 crore to fix the computer menace.

``The Government and industry have spent Rs 1,000 cr each in making systems Y2K 2000 compatible. We expect it to rise to Rs 2,500 crore by December," N Seshagiri, member convenor of National Task Force on Y2K stated.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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