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India’s ESC promises bigger participation
DUBAI — The Electronics and Computer Software Export Promotion Council of India, or ESC, as a part of its encouragement plan, is initiating several efforts with another participation at Gitex 2010.
Gitex is the largest and the most impressive ICT event of its kind in the Middle East and is now ranked as one of the top three ICT exhibitions in the world. India has a great stake in the booming Middle East, Africa, Asia and European markets for which Dubai is the gateway.
“The event provides the participating Indian ICT companies opportunities for scouting the expanding burgeoning entires Middle East market,” said Kamal Vachani, ESC’s Regional Director for the Middle East.
ESC has been participating at Gitex consistently for several years and the participating Indian companies under the ESC’s banner have reported high satisfaction by participating at Gitex Dubai.
Participating Indian companies have reported to forge significant businesses, joint ventures and marketing tie ups with buyers visiting the exhibition.
“This year, 40 Indian ICT companies are exhibiting at the India Pavilion which indicates the growing interests of the Indian companies in the Middle East Region,” said ESC Executive Director DK Sareen.
The exports of electronic software, hardware and service to the Middle East has grown multifold during the last couple of years. The Middle East region is one of the fastest-growing ICT markets in the world. High growth prevails across all segments, and the market is driven by economic diversification and various e-government initiatives including finance, communications, and manufacturing.
IT spending in the Gulf is expected to reach $16 billion by 2011. The region has robust economies, which, despite downturns around the world, continues to enjoy high growth rates.
India’s total ICT Exports in 2009-10 is estimated to be $56.4 billion. Out of this, electronics hardware is at $5.4 billion whereas software services were at $51 billion.
The Indian Pavilion at Gitex will be inaugurated by Sanjay Varma, Consul General India in Dubai.
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