Home > Business > PTI > Report

IT exports up 35% in H1: ESC

November 17, 2003 15:35 IST

India's electronic hardware and computer software services registered a growth of 35 per cent in dollar terms at $6.5 billion during the first half (April-September) of the current fiscal.

However, in rupee terms, the increase is 31.06 per cent during the six-month period at Rs 30,623 crore (Rs 306.23 billion), D K Sareen, executive director, Electronics and Computer Software Export Promotion Council told newspersons in New Delhi after releasing the half-yearly estimates of software and electronics hardware.

The growth in export of computer software and services was 38 per cent in dollar terms during H1 while that of electronics hardware was 13.29 per cent, he said.

"Going by the trend, we are confident that export target set for 2003-04 at $13.77 billion is achievable," he said adding the IT sector should consolidate on its intrinsic strengths and build on it to achieve the target of $50 billion exports by 2008.

Sareen said ESC in consultations with the ministries of IT and communications, and commerce and industry is chalking out strategies to guide the IT segment in enhancing its presence in the existing market including the US, EU and Japan and for developing alternative markets.

Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor




Related Stories


Nations woo Indian IT investment

Infy focus on exports, not India

What about Mumbai, asks Charles



People Who Read This Also Read


Nations woo Indian IT investment

Microsoft to woo PC assemblers

'India can eat EU for breakfast'






© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2003 rediff.com India Limited. All Rights Reserved.