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India aims $58 Billion IT export in current fiscal
By siliconindia
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Wednesday, 24 December 2008, 23:30 IST |
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Kolkata: Despite the downturn affecting exports, India expects IT export to touch $58 billion by the end of the current fiscal. Out of the total target $3.6 billion has been earmarked for electronics hardware and $55 billion for software and services. The country had exported $45 billion worth software in the last fiscal.
"The software market in South Africa is estimated to be around $12 billion and we want to tap this potential market. At present, we export 0.7 percent of it only and want to increase it," said DK Sareen, Executive Director of Electronics and Computer Software Export Promotion Council (ESC). He, in the IT global networking event INDIASOFT 2009 pinpointed that the industry did a business of $25 billion from April to September, involving two billion dollars in the electronics hardware and $23.65 billion in software services segment. Moreover, 45 percent of the target was achieved by first six months, wherein the growth rate was 30 percent.
West Bengal IT Minister Debesh Das, who was present in the curtain raiser of the event, made it clear that INDIASOFT 2009 is a big opportunity for the city's small and medium scale enterprises in the IT sector. The event was basically targeting the new emerging markets of South Africa, Spain, France and Germany for software exports and services.