Nearly 50 Indian ICT firms will display innovative products and services at one of the most popular technology expo in the Middle East to take advantage of the booming Gulf market and leverage their ties to bag businesses from global companies executing projects in the region. The Indian Information and communications technology (ICT) firms will set up shops at the India Pavilion during GITEX Dubai, 2015 scheduled to run from October 18-22, Electronics and Computer Software Export Promotion Council (ESC) said.
Kamal Vachani, ESC's regional director, Middle East, said the pavilion will be inaugurated by the Consul General of India on October 18. India's total export of electronics hardware during 2014-15 is estimated to be USD 6,012 million and that of computer software and services is USD 97 billion. "ESC has been facilitating Indian participation on a regular basis at GITEX to take advantage of the booming IT market in the Gulf and leveraging that association for getting businesses for Indian IT companies from multitude of large global corporations, which are executing projects in the region", Vachani said.
He said that GITEX continues to emerge the largest and the most impressive ICT event of its kind in the Middle East. "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 Middle East market", said Vachani. DK Sareen, ESC's Executive Director, said that the ESC has been participating at the GITEX consistently for several years and the participating Indian companies under ESC's banner have reported high degree of satisfaction.
The India Pavilion will highlight innovative ICT products & services including cyber security solutions, mobile tablets, portable PCs, and IT accessories besides software products on e-commerce and e-learning systems by 48 Indian firms. Saumen Chakraborty, chairman ESC, said it is estimated that electronics goods export to Middle East countries during 2014-15 is valued at USD 1,000 million. Among them, the UAE is the top destination for India's electronics export followed by Saudi Arabia and Turkey. Export of software and related services to the Middle East have also registered a growth of 3.24 per cent, increasing from USD 2,069 million estimated in 2013-14 to USD 2,136 million estimated in 2014-15.
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