India's IT exports to UAE set to go up by 25%

By siliconindia staff writer   |   Tuesday, 04 May 2004, 19:30 IST
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DUBAI: Indian exports of information technology products to UAE is expected to go up by 25 per cent in the year 2004-2005, buoyed by increasing demand from the region, Africa and Russia, a top IT official has said. "The exports to the UAE, a major re-export centre for IT products, which stood at $102 million in 2002-2003 is expected to touch $125 million in the current financial year", said S Lakshminarayanan, Additional Secretary to the Government of India, Ministry of Communications and Information Technology, Department of IT said. "The total exports of IT products is projected to go up to $1.38 billion during 2003-2004, up from $1.08 billion in the previous year," he said. A Memorandum of Understanding (MOU) was signed here between Indian Business and Professional Council, Dubai (IBPC) and Electroncis & Computer Software Export Promotion Council (ESC), India in the presence of Lakshminarayanan and YK Sinha, Consul General, Consulate General of India. President of IBPC Ismail Hukkawala signed on behalf of the IBPC along with Kamal Vachani, Regional Director, ESC, Dubai. During the signing ceremony, Lakshminarayan said signing of the MOU was a big achievement in promoting IT exports from India to the region. The Ministry of Communications and Information Technology was committed to giving all help to boost exports. He said markets like East and West Africa, Russia have been identified for hardware exports and UAE, Jordan and Lebanon for software exports from India.

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