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June 12, 2001
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Money > Business Headlines > Report June 12, 2001 |
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ESC sees software exports to US down by 10 per centBS ICE Bureau The Electronic and Computer Software Export Promotion Council on Monday said that Indian software exports to the US are likely to see atleast a 10 percentage point fall in the current fiscal over 2000-01. "Indian software exports to the US are estimated to be about $6 billion in 2000-01, which is 60 per cent more than the last fiscal. But in 2001-02, we expect a growth of only around 50 per cent," executive director of ESC DK Sareen said. He said, as per the provisional ESC estimates there was no reason for software exporters to worry since computer software and services overshot the target growth by 110.87 per cent in 2000-01 at Rs 275 billion. "We have set a provisional target of Rs 357.50 billion for software export in 2001-02, with a target growth of over 30 per cent," he said. But this is unlikely if Indian exporters continue to focus only on the US market. "What they need to do is to focus on markets like Europe and Latin America as these are relatively insulated from developments in the US market." As per the ESC estimates, the North American markets of the US and Canada together accounted for $2,650 million worth of software and services exports followed by the European Union at $860 million last fiscal. On the electronic hardware front, Sareen said the country was eyeing Rs 58.71 billion worth of exports this fiscal against Rs 47.88 billion in 2000-01. The actual hardware exports during 2000-01 were 150.05 per cent higher than the target of Rs 31.91 billion. However, in telecom services and project exports the country could not meet the target of Rs 41.73 billion and the exports were only at Rs 37 billion, as per the provisional figures. The target for telecoms services and project exports this fiscal is at Rs 38.85 billion. In the category of video films and software, the country exceeded the targeted Rs 11.86 billion export target marginally and earned Rs 12 billion last fiscal. The target for 2001-02 is 40 per cent growth at Rs 16.80 billion. ESC is also organising a two-day software expo `indiasoft' in Amsterdam on June 26-27 to explore European markets for Indian software. "As globalisation and contracting out increase, India has new opportunities to provide a range of back office services to private and public enterprises as well as non- governmental sector of the European Union," Sareen said. He said after the United States, EU has the most active market for back office operations, primarily call centres which are growing at the rate of 40 per cent annually. "It is estimated that more than 200,000 call centre agent positions are there in UK alone, which is two-thirds of the total for Europe," he said, adding smaller EU communities were also seeking major back office business. He said the EU e-commerce market growth drivers include France, Portugal, Italy, Ireland and Greece. Powered by YOU MAY ALSO WANT TO READ:
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