Strong presence of India firms

DUBAI — Indian IT companies are displaying their capabilities, product profile, and software and services at the Internet Show running in Abu Dhabi.



By (Staff Report)

Published: Wed 28 Sep 2011, 10:17 PM

Last updated: Tue 7 Apr 2015, 5:58 AM

M.K. Lokesh, Ambassador of India to the UAE, who visited the Indian pavilion, commended the efforts of the Electronics and Computer Software Export Promotion Council, or ESC, which is playing an important role in boosting Indian trade relations with the UAE. He highlighted increasing opportunities for IT exports to the fast expanding IT markets in Middle East, particularly the UAE.

“ESC is giving considerable importance in tapping the Gulf market as a part of our proactive policy to identify newer destinations for IT exports in order to insulate the Indian IT companies from sporadic setback they experience on account of dependence on limited global markets,” said Kamal Vachani, regional director of ESC Middle East.

He said the Middle East region is one of the fastest growing IT 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. The UAE is currently spending $11.4 billion on information and communications technology, and that figure is set to rise to $14.8 billion by 2011, Vachani pointed out.

The ESC is India’s largest electronics and IT trade facilitation body.

Vachani said the Internet show, which is an impressive B2B event of its kind, is emerging as an important place for IT business transactions. “Naturally, India has a great stake in the booming Middle East, Africa, Asia and European markets, for which Abu Dhabi is a gateway,” said Vachani.

He said to further strengthen the IT relations between India and the Middle East, the ESC is inviting a large delegation from Middle East to visit India for Indiasoft 2012, the largest IT global networking event in India, to be held in third week of March 2012 in Hyderabad. Around 400 software and services buyers from over 75 countries will be present at this business-to-business partnering forum from the US, the UK, Europe, the Middle East, Japan, China, Korea, Latin America, Africa, the CIS and region.

· issacjohn@khaleejtimes.com


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