India's IT exports to Mideast to cross $1b
Dubai: India's IT exports to Middle East are expected to cross $1 billion
this year from $700 million last year according to D.K. Sareen, Executive
Director of the Electronics and Computer Software Export Promotion Council of
Indian IT exports are growing at more than 30 per cent annually and are
expected to cross $50 billion in early 2008.
During the current year, electronics and IT exports from India are estimated
at $36.67 billion, up from $25.89 billion in 2005-06.
ESC is devising new strategies to expand market share in the Mideast.
"IT exports from India to the Middle East, particularly to the UAE have
increased substantially in recent years. We see huge potential for further
growth," said Kamal Vachani, honorary regional director of ESC in Dubai.
As part of the Middle East and Africa expansion, ESC has recently entered the
South African market.
"We see huge potential in South Africa and the neighbouring African markets.
We will continue to anchor our Africa strategies through the UAE," Sareen
ESC recently organised its member exporters participation at Futurex 2007, an
ICT exhibition in Johannesburg, South Africa. India was a partner country with
32 Indian companies participating in the event.
Currently more than 65 per cent of India's IT exports go to the US while 25
per cent is targeted at Europe.
ESC sees Japan, Africa and Middle East as markets with huge growth potential.
"Japan now accounts for less than three per cent of our exports. We are working
on strategy to improve the Japanese language skills of our IT engineers and
managers," Sareen said.
In the Middle East, ESC plans to organise more sharply focused export shows
that will give more exposure to Indian IT products and services.
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|Tech News:||Updated: February 2008|