Republic of India - International Exports

Hindustani78

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Ministry of Commerce & Industry
24-May, 2018 11:57 IST
Commerce Minister Releases Strategy Paper on Computer Software and Electronics Exports





The Union Minister for Commerce & Industry Suresh Prabhu releasing the strategy paper & business plan of India’s Computer Software &ITeS and Electronics Export, prepared by Electronics and Computer Software Export Promotion Council in New Delhi


Electronics and Computer Software Export Promotion Council (ESC) has prepared a strategy paper for augmenting software exports to US$ 178 billion by 2022. Union Commerce &Industry and Civil AviationMinister Suresh Prabhu, released the strategy paper in New Delhi yesterday. The Minister praised the efforts by the ESC for taking this initiative to prepare a strategy for boosting India’s computer software &ITeS and electronics export. The Minister further added that Government of India will extend all possible support to the industry for intensifying the exports to traditional markets and to make forays into the alternate markets like Africa, Latin America and Commonwealth of Independent States (CIS). He said that the government is taking proactive steps for making ICT exports more vibrant and to motivate more units to focus on exports.

The strategy paper highlights the need for some policy level changes that are critically needed, such as resolving visa problems with the US, greater access of professionals to European countries, early signing of Totalisation Agreement with the US, setting up of incubation centres and language proficiency facilities in major IT hubs. The current business model for export of software and ITeS is relevant for outsourcing work. For the emerging markets like Africa and Middle East, a different model, is required since India mostly offers product solutions. Although potential for export of software &ITeS in US and Europe is high, the smaller companies are grossly underperforming because of innovation andtechnology leadership gaps. The paper also spells out specific policy prescriptions, market destinations and other enabling inputs that can bring about transformational changes in the Indian software and services exports. Specific suggestions include judiciously blending software and hardware, creating newer export outlets, fiscal incentives, country specific software export promotion measures.

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Hindustani78

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The Global CEO, Syniverse Technologies Services, Mr. Dean Douglas meeting the Union Minister for Electronics & Information Technology and Law & Justice, Shri Ravi Shankar Prasad, in New Delhi on May 24, 2018.


The Global CEO, Syniverse Technologies Services, Mr. Dean Douglas meeting the Union Minister for Electronics & Information Technology and Law & Justice, Shri Ravi Shankar Prasad, in New Delhi on May 24, 2018.
 

Hindustani78

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The Vice President, Shri M. Venkaiah Naidu at an event to release the Commemorative Postage Stamp on the International Association of Lions Clubs, in New Delhi on May 25, 2018.


The Vice President, Shri M. Venkaiah Naidu releasing the Commemorative Postage Stamp on the International Association of Lions Clubs, in New Delhi on May 25, 2018.

The Vice President, Shri M. Venkaiah Naidu addressing the gathering after releasing the Commemorative Postage Stamp on the International Association of Lions Clubs, in New Delhi on May 25, 2018.
 

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