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Indian IT exports to Mideast will grow 30%: ESC

Indian IT exports to Mideast will grow 30%: ESC
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First Published: Mon, Apr 28 2008. 04 13 PM IST
Updated: Mon, Apr 28 2008. 04 13 PM IST
PTI
Dubai: India’s IT exports to the Middle East are expected to cross $1.30 billion in 2008, an increase of 30% compared to $1 billion last year, Electronics and Computer Software Export Promotion Council of India (ESC) said.
According to ESC, an autonomous body under the Indian Ministry of Communications and IT, Indian IT exports are growing at more than 30% annually and are expected to cross $50 billion this year and touch $100 billion by 2012.
“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 as ESC is devising new strategies to expand its market-share in the region,” ESC regional director for the Middle East and UAE Kamal Vachani said.
He said the region is growing fast as an important export market for Indian IT industry predominantly because of the booming UAE market and its business-friendly atmosphere.
ESC plans to organise more sharply-focused export shows that will give more exposure to Indian IT products and services.
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First Published: Mon, Apr 28 2008. 04 13 PM IST