India’s ESC to take part in Gitex 2012

Normal 0 false false false EN-US X-NONE X-NONE st1 :*{behavior:url(#ieooui) } As a part of its plan to assist the member exporters to diversify and expand their global base, the Electronics and Computer Software Export Promotion Council (ESC) of India is initiating several efforts by participation in a big way at Gitex Dubai 2012 to be held in Dubai on October 14-18, 2012. “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. Naturally, India has a great stake in the booming Middle East, Africa, Asia (WANA Region) and European markets for which Dubai is the Gateway. Thus the event provides the participating Indian ICT companies opportunities for scouting the expanding burgeoning entire Middle East market, said Kamal Vachani, Regional Director, Middle East, ESC. ESC has been participating at the Gitex consistently for several years and the participating Indian companies under ESC’s banner have reported high satisfaction by participating at Gitex Dubai. The participating Indian companies have reported to forge significant businesses, joint ventures, marketing tie ups, etc with the buyers visiting the exhibition. Vachani said: “We are grateful to the Ambassador of India to the UAE MK Lokesh and the Consul General of India in Dubai Sanjay Verma for extending un-ending support to the ESC’s Regional Representation in Dubai.” DK Sareen, Executive Director of ESC, said this year at Gitex, 40 Indian ICT companies are exhibiting at the India Pavilion which indicates the growing interests of the Indian companies in the Middle East region. India pavilions will be located in Sheikh Saeed Hall, Hall 1 and Zabeel Hall. Various ICT products would be on display at the India Pavilion at Gitex 2011 which will include almost all kinds of computer software, power supplies - invertors, UPS, telecom cables, a range of telecom products and computer hardware products. 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. The region has robust economies, which despite downturns around the world, continues to enjoy high growth rates. The UAE is spending on Information and Communications Technology (ICT) is set to rise to $16 billion by 2012, according to research conducted by economic and financial analysts Global Insight. The Indian ICT industry looks very keen to cater total IT solutions and forge business tie ups, strategic alliances in sectors including telecommunications, utilities, tourism, financial services and real estate segments. INDIA’S ELECTRONICS AND IT EXPORTS Electronics and computer software/services which include IT-enabled services has emerged as a strongest export sector from India with an estimated export of $76.9 billion during the year 2011-12. Software and ITeS export accounts for $68 billion and electronics hardware export is estimated to be around $8.88 billion. With hopes of improvement in global economic scenario in the current fiscal it is projected that electronics hardware export will cross $10 billion during the year 2012-13 and export of computer software/services will be around $75 billion. A very high growth in exports of electronics hardware from India to Middle East countries during 2011-12 is observed. Middle East countries have become the 2nd top destination for India’s electronics hardware export during the year 2011-12. It is estimated that electronics goods export to Middle East Countries during 2011-12 is valued at $1,833 million up from $1,274 million estimated in the year 2010-11 registering a growth of 52 per cent. Export of software and related services to Middle East has also registered an excellent growth of 26 percent. Export of software and services increased from $1,728 million estimated in 2010-11 to $2,073 million estimated in 2011-12. The overall growth in exports of Electronics and software to Middle East countries during 2011-12 is estimated to be 37 perc ent. The growth in export to Middle East countries clearly shows the rising interest amongst the Indian ICT exporting community to explore Middle East and neighboring countries for export prospects. To further strengthen the IT relations between India and the Middle East, the Council invites a large delegation from Middle East to visit India for INDIASOFT 2013 the largest IT global networking event in India, to be held in March 2013. Around 350 software & services buyers from over 75 countries will be present at this business-to-business (B2B) partnering forum from USA, UK, Europe, Middle East, Japan, China, Korea, Latin America, Africa, CIS, Asean region etc will be participating in INDIASOFT 2013. “Comprising of International Exhibition and Conference, INDIASOFT 2013 is meant to facilitate joint venture