Indian IT and ITeS Exports May Witness 8 to 10% Growth in FY19

0
445
Advertisement

Indian IT and ITeS exports may clock 8 to 10 per cent growth during the current fiscal, a senior official of Electronics and Computer Software Export Promotion Council (ESC), a body under the Department of Commerce, told PTI.

Executive Director of ESC, D K Sareen, also said that the export of electronic hardware may also witness positive growth at about seven to eight per cent on the back of newer avenues such as Solar power electronics, UPS systems and that electronic energy meters. 

Sareen further stated that these numbers (IT and ITeS exports) are difficult to obtain unless and until they have the full figures from RBI. But he stated that they are expecting that the first two to three quarters will perform up to the expectations. 

Advertisement

Replying to PTI’s query on hardware and electronic component exports, Sareen said that there was a negative growth during the last three years on account of various factors including the shutdown of Nokia manufacturing facility in Chennai. But at the same time, he pointed out new areas like solar power electronics and UPS systems electronic energy meters, which according to him, are the new upcoming items to be exported from India.

Hoping that electronic hardware exports are on the upward trend, he said that there were indications that some of the key manufacturers were keen to relocate their manufacturing faculties to India from China. 

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *