IT exports up 35% in H1 at $6.5 billion: ESC

By SiliconIndia   |   Tuesday, 18 November 2003, 08:00 Hrs
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NEW DELHI: India's electronic hardware and computer software services registered a growth of 35 per cent in dollar terms at $6.5 billion during the first half (April-September) period of the current fiscal.

However, in rupee terms, the increase is 31.06 per cent during the six month period at Rs 30,623 crore, Electronics and Computer Software Export Promotion Council (ESC) executive director DK Sareen told newspersons in New Delhi after releasing the half-yearly estimates of software and electronics hardware.

The growth in export of computer software and services was 38 per cent in dollar terms during H1 while that of electronics hardware was 13.29 per cent, he said.

"Going by the trend, we are confident that export target set for 2003-04 at $13.77 billion is in the achievable realm", he said adding the IT sector should consolidate on its intrinsic strengths and build on it to achieve the target of $50 billion IT exports by 2008.

Sareen said ESC in consultations with Ministries of IT and Communications and Commerce and Industry is chalking out strategies to guide the IT segment in enhancing its presence in the existing market including US, EU and Japan and for developing the alternative markets.

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