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ESC holds virtual B2B meet to boost UAE-India IT trade

Staff Report/Dubai
Filed on September 15, 2020 | Last updated on September 15, 2020 at 02.35 pm
India at present exports $155 billion worth of IT products to several destinations across the world.

(AFP)

IT to play very important role in furthering economic links between two nations

India's Electronics and Computer Software Export Promotion Council (ESC), with the support of the Embassy of India of Abu Dhabi, organised a virtual B2B meeting between the UAE and India industry on Tuesday, with an objective to augment electronics and IT trade between the two countries.

The emanation of the ESC in the late-1980s was when software export was unknown, IT export volume was just a few millions of dollars and was limited to the United States. Today, India exports $155 billion to several destinations, be they developed, developing, emerging or least-developed markets.

Ever since the ESC started exporting software products and solutions, strategies and trust have changed. India has moved to high-end products and complex solutions, and those changes are gradual and enduring, creating better lives the world over.

The UAE and India are making good efforts to scale their economic and trade links to new heights and it is anticipated that economic and trade links between the two countries will deepen further. And IT could play a very important role in furthering the trade between them, said Gurmeet Singh, executive director of the ESC.

ESC holds virtual B2B meet to boost UAE-India IT trade (KT25898915.JPEG)

Kamal Vachani during the virtual meeting

The event was graced by Sandeep Kumar Bayyapu, Deputy Chief of Mission of the Embassy of India in Abu Dhabi, who highlighted that the initiative of organising the virtual B2B meet will create more strategic partnerships between the two countries.

Around 80 participants from both sides interacted with each other for creating synergies for growth.

"We are sure that this initiative will lead to further the ICT trade between both countries," said Kamal Vachani, regional director of the ESC in Dubai.

ESC chairman Sandeep Narula invited the UAE industry to explore the world of innovations by visiting the council's signature annual event, the IndiaSoft exhibition and conferences, which is entering its 21st edition n March 2021. Vachani, meanwhile, invited the Indian IT industry to explore Gitex in Dubai, which will further business between India and the countries in Middle East and the UAE in particular.

- business@khaleejtimes.com

 


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