'IT exports to cross $60 bn by FY 2010'

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Hyderabad, Mar 20: The Indian IT Sector is on course to achieve US Dollar 60 billion in software and services exports by 2010, Union Information Technology Seceretary Jainder Singh said today. IT exports, including hardware exports, were expected to cross USD 40 billion in FY 2008 as against USD 31.9 billion in FY2007, registering a growth of 28 per cent, he said, while taking part in the Hyderabad IT Summit 2008 with the theme 'Empowering IT with world class infrastructure'.

The present trends indicated that the Indian IT Industry would achieve a broad-based growth across the industry, including software, hardware and business process outsourcing (BPO), he said. The Union Government was concentrating on creating world-class infrastructure conducive for IT Industry growth in tier-II and III cities with the metropolitan cities already overloaded so that IT companies could bring down the cost of their operations and be more competitive, Mr Singh informed.

As many as 42 IT Special Economic Zones(SEZs) were being set up in Andhra Pradesh, the highest in the country, with many of them in tier-II cities, he added. India with its vast pool of talented manpower should move up the value chain by concentrating on Knowledge Process Outsourcing (KPO), he said, adding that NASSCOM, in association with the Hyderabad-based Indian Institute of Information Technology, started the Mentor Training Programme to increase the capacity of over four lakh students passing out of engineering colleges for immediate absorption by the Industry.

Hyderabad IT Summit 2008, supported by the Software Technology Parks of India (STPI), Hyderabad Software Exporters Association (HYSEA), Electronics and Computer Software Export Promotion Council (ESC), NASSCOM, MAIT and Electronic Industries Association of Andhra Pradesh (ELIAP), brought together experts in the field from 40 countries, FICCI Secretary General Amit Mitra said.

''The summit focuses on emerging trends in global IT industry and infrastructure demands in the current phase of development. It addresses the IT infrastructure needs of large businesses and small-to mid-sized enterprises,'' ESC Chairman Sanjiv Narayan said.

UNI

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