ICT industry eyes up to 20% growth in 2013-14

ICT industry eyes up to 20% growth in 2013-14

The volatility in Rupee against dollar and slowdown in western countries has not affected the business of Gujarat’s information and communication technology (ICT) industry. The size of ICT industry in the state is estimated to be around Rs5,000 crore and is expected to grow by 10% to 20% in 2013-14. The companies in the US and Europe want to cut down the cost for which India is the best destination, said president of Gujarat Electronics & Software Industries Association (GESIA), Pankaj Shah. “In 2012-13, the size of ICT industry in Gujarat was estimated around Rs5,000 crore including exports worth Rs1,500 crore. This year, exports will see major rise. We are expecting the total turnover of ICT to increase by at least 10 to 20%,” he said. Despite being connected to world of internet and computers, the industry does not have statistics such as exact size of the industry, employee strength and total number of ICT companies in Gujarat.

But Shah confidently said that ICT industry is on expansion spree. “Compared to national level, attrition in Gujarat is much less. It is estimated that net additions will be higher compared to previous year,” he said. For first time, GESIA is taking a group of Gujarat Electronics and ICT business is on trade mission to visit GITEX in Dubai from October 20 to 24, 2013 to strengthen business ties and boost Gujarat exports. “At present, Gujarat’s share in India’s ICT exports to Dubai is negligible. We want to increase the share of Gujarat’s ICT industry in exports to Gulf countries,” said Shah. The delegation will comprise 15 companies including IT and ITeS. “We will be showcasing products and services of Gujarat-based ICT companies in GITEX,” he said.

GESIA submits suggestion for ICT policy
After long discussions, ICT industry body GESIA finally submitted suggestions to the state government for the new to be framed ICT policy on Thursday. “We took a long time as we invited suggestions from various stakeholders of ICT industry of Gujarat. The suggestion talks about subsidies expected from government for new investments. Apart from that, we have covered issues related to skill development, marketing of industry, training and other issues in suggestions submitted to the state government,” said Shah.

Source: DNA Money

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