News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 17 years ago
Home  » Business » Kalam seeks $200 bn for India's ICT sector

Kalam seeks $200 bn for India's ICT sector

Source: PTI
December 06, 2006 18:38 IST
Get Rediff News in your Inbox:

President A P J Abdul Kalam asked the Indian IT industry on Wednesday to focus more on high end products while projecting that the market for information, communications and technology would touch $200 billion by the year 2010.

Speaking at Infocom 2006, jointly organised by Nasscom and Business World, Kalam said that West Bengal was emerging as a major force in the ICT sector.

Industry sources estimate the present market size at $30 billion. He said the Indian IT sector should focus more on high-end product development to make the ICT industry grow to that extent.

In the mid-1990s, the growth of the ICT sector was non-linear, Kalam said. However, the industry was expected to grow at a sequential growth of around 25 per cent to 27 per cent with $60 billion of exports by the year 2010.

Kalam also urged the software industry to focus on other areas under the national e-governance plan.

The president suggested the IT industry should promote creation of BPO industry in Tier 2 cities, establishing joint ventures with countries like Philippines and Korea and providing connectivity to rural people.

Want to discuss computer software? Join the Computer software Discussion Group

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!