The Middle East emerged as the top region for India’s electronics hardware exports led by the UAE, said Mr. Kamal Vachani, regional director for Electronics and Computer Software Export Promotion Council (ESC) in the Middle East.
It is estimated that electronics goods export to Middle East countries during 2013-14 is valued at US$1738 million up from US$1630 million estimated in the year 2012-13 registering a growth of 6.66 percent.
“Amongst the ME countries, UAE is the top destination for India’s electronics export followed by Saudi Arabia and Turkey,” Mr. Vachani informed.
Export of software and related services to Middle East has also registered an excellent growth of 11.74 percent. Export of software and services increased from US$1852 million estimated in 2012-13 to US$2069 million estimated in 2013-14.
India’s total export of electronics hardware during 2013-14 is estimated to be US$ 7664 million and that of computer software and services is estimated to be US$ 84009 million.
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 in sectors like finance, communications and manufacturing. The region continues to enjoys solid growth rates despite global slowdown. A number of Indian companies, therefore, find Dubai an ideal location for enhancing their businesses. India is witnessing a very high growth in exports of electronics hardware.
To further strengthen the IT relations between India and the Middle East, the Council is inviting a large delegation from Middle East to visit India for INDIA IT SHOW 2015, the largest IT global networking event in India, scheduled on 12-13 February 2015, New Delhi, India.
Around 500 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.
“Comprising of International Exhibition and Conference, INDIA IT SHOW 2015 is meant to facilitate joint ventures, collaboration and strategic alliances for outsourcing with overseas buyers,” says Mr Vachani, adding that the event will provide participants an opportunity to broaden their vision and take business to growth trajectory.
“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,” says Mr Kamal Vachani, Regional Director, Middle East, ESC.
ESC is ensuring Indian participation in a big way at GITEX, Dubai 2014 scheduled in Dubai on 12-16 October 2014. “This year in 2014 at GITEX Dubai, 40 Indian ICT companies are exhibiting at the INDIA Pavilion. This is indicative of the growing interests of the Indian companies in the Middle East Region,” says Mr D K Sareen, Executive Director, ESC.
“GITEX” is continuing 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.
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 participating Indian companies have reported to have bagged significant businesses, forged joint ventures, marketing tie ups, etc. with the buyers visiting the exhibition.
Wednesday, August 6- 2014 @ 10:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.