Indian IT exports to W Asia to touch $1bn by 2010

India's IT export to the West Asia is likely to touch the $1 billion in the next two-three years from $873 million in 2006, a top official of a trade promotion body has said.

Electronic and Computer Software Export Promotion Council, part of India's Communication and Information Technology Ministry, has formed a strategy to increase IT exports through SMEs, ESC Chairman Sanjay Narayan told PTI in an interview 

As per the strategy, SMEs would target export markets with a focus on the Middle East, Latin America and Africa. Currently, more than 65 per cent of India's IT exports go to the US while 25 per cent is targeted at Europe.

"Dubai can act as a hub for Indian IT exports to the whole region (the Middles East)," said Narayan, who was in Dubai to attend Gitex 2007 (Gulf Information Technology Exhibition),

the largest IT show of its kind in the region.

"The SME sector has a huge cost advantage since they can develop tailor-made solutions for a particular sector," he added.

India's total IT exports are growing at more than 30 per cent annually and are expected to cross 50 billion dollars in early 2008, the official said.

"IT exports from India to the Middle East, particularly to the UAE have increased substantially in recent years. We see huge potential for further growth," ESC Regional Director in Dubai Kamal Vachani said.

"It is expected that the initiatives and the aggressive marketing strategies taken by ESC will surely help in augmenting India's ICT exports globally particularly to this region," Vachani said.