Commerce Minister releases Strategy Paper on Computer Software and Electronics Exports
Electronics and Computer Software Export Promotion Council (ESC) has prepared a strategy paper for augmenting software exports to US$ 178 billion by 2022.
Union Commerce & Industry and Civil Aviation Minister Suresh Prabhu, released the strategy paper in New Delhi. The Minister praised the efforts by the ESC for taking this initiative to prepare a strategy for boosting India’s computer software & ITeS and electronics export. The Minister further added that Government of India will extend all possible support to the industry for intensifying the exports to traditional markets and to make forays into the alternate markets like Africa,
Latin America and Commonwealth of Independent States (CIS). He said that the Government is taking proactive steps for making ICT exports more vibrant and to motivate more units to focus on exports.
The paper also spells out specific policy prescriptions, market destinations and other enabling inputs that can bring about transformational changes in the Indian software and services exports. Specific suggestions include judiciously blending software and hardware, creating newer export outlets, fiscal incentives, Country specific software export promotion measures.