expects its operating conditions in financial year 2021 (FY21) to remain challenging, though opportunities for business growth and value creation remain.
In its Annual Report 2020 released today, it said the inherent challenge of price erosion, market saturation and stiff industry competition are expected to persist in FY21. However, recent government initiatives such as the National Digital Network Plan (JENDELA), MyDIGITAL blueprint, Digital Economy Council and National 4IR (Industry 4.0) will support the development of the industry and provide opportunities for TIME. The implementation of 5G infrastructure and Industry 4.0 practices will push the adoption of technology and digital transformation across key economic sectors, it said.