$50 bn software exports target to be met: Maran

New Delhi, Jan 25 | Updated: Jan 26 2005, 05:30am hrs
India is likely to meet the target of $50-billion worth of software exports by 2008, according to telecom and information technology minister Dayanidhi Maran. The minister was delivering the keynote address here on Tuesday at a conference organised by the Electronics and Computer Software Export Promotion Council (ESC). The conference was a curtain raiser for the ESC eventIndiaSoft 2005to be held in Chennai on March 21 and 22.

The sector witnessed a growth of 33% in export of computer software and electronics products during 2003-04, to touch $14.28 billion. The governments confidence about meeting the 2008 export target is based on the current growth level.

Elaborating on the acceptability of Indian software in the world market, Mr Maran said out of 117 companies classified as SEI-CMM level certified, around 80 are based in India. He added that 300 IT companies in India are world class and conform to ISO 9000 standards.

Stating that the US and Europe accounted for 90% of software exports, Mr Maran said, it is time that people in other regions work closely with us and share the benefits of our IT strengths. He made the point in the backdrop of India not exporting much software into other regions. Take for instance, Latin American countries, where India exports software worth $4.9 million only.