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India''s IT exports to UAE touch $850 millionnews
26 April 2007

Mumbai: India''s IT exports to the UAE is expected jump from $542 million in 2005-06 to $850 million in 2006-07, marking a 56.74 per cent rise, an official of the Electronics and Computer Software Export Promotion Council (ESC) said.

"India''s IT exports continue their run of reaching the entire length and breadth of the globe, providing total solutions in a host of sectors of the economy," ESC regional director for UAE and the Middle East, Kamal Vachani, said.

He said several Indian companies are setting up base in Dubai since it is strategically located for re-export.

IT exports to other parts of the world, meanwhile, are expected to surge to $35 billion this year, up 35.19 per cent, from $25.89 billion in 2005.

IT exports to Europe stood at $6.63 billion while exports to the US were $15.33 billion.

"With a wide array of membership, primarily comprising of exporting SMEs, the council has been laying emphasis on facilitating the interaction of India SMEs with potential buyers in the global market," he said, adding, "The council''s delegations to the global market in various trade fairs, expositions and buyer seller meets, have SME representation in large number."

The new trade policy has removed service tax on export business and this could help further improve software exports from the country, he said.

ESC is also organising Indian participation in CommunicAsia 2007 - Asia''s most communications and IT event, scheduled to be held from June 19 to 22 at Singapore Expo.

 


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India''s IT exports to UAE touch $850 million