Offshore operations in software & services rising: ESC

By SiliconIndia   |   Monday, 19 May 2003, 07:00 Hrs
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NEW DELHI: The Electronics and Computer Software Export Promotion Council on Monday said the offshore operations in computer software and services is on the rise and the share for 2002-03 is estimated at 60 per cent.

"ESC estimates that aggregate export revenues in computer software and services, IT enabled services, software products and other related services sector will increase to Rs 46,500 crore," an ESC statement said.

With sustained increase in the share of offshore operations over the years, ESC said export revenues from offshore works had risen from 44 per cent in 2000-01 to 56 per cent in 2001-02.

"Now the share for 2002-03 is estimated at 60 per cent, which is likely to go up in the coming years. This would mean that given the emerging global IT landscape, business process outsourcing will be the mainstay of computer software and services exports in days to come," it said.

In value terms, export revenues from offshore operations is estimated to go up to Rs 20,700 crore in 2002-03

Export revenues from on-site operations is estimated at Rs 13,800 crore during the same period, lower by three per cent than in the previous year.

ESC expects the export realisation from offshore operations for 2003-04 to go up by 21 per cent. In value terms, the export revenue realisation for the year in reference would touch $5.14 billion as against $4.25 billion in 2002-03.

"However export revenues from on site operations may decline by 2.5 per cent in 2003-04," it added.

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