Software Export Promotion Council has decided to set up an incubation-cum-export facilitation and business support centre in the US for enhancement of ICT exports.
According to ESC's Eastern Region Chairman S Radhakrishnan 20 IT/ITes non-competing companies located in New York and Chicago would be handled in the first phase.
Each year, the expenditure for such centres would be about Rs 2.5 crore (Rs 25 million) and run for three years, Radhakrishnan told reporters in Kolkata on Wednesday.
According to him, 50 per cent of the cost was to be borne by the selected companies, and the balance by the government of India.
Already five companies have confirmed their