21st February, 2003
Ministry of Commerce & Industry  


RUDY ASKS IT INDUSTRY TO DIVERSIFY INTO GLOBAL MARKETS


Shri Rajiv Pratap Rudy, Minister of State for Commerce and Industry, has asked Indian IT industry to move up the value chain from being software solution providers to manufacturing packaged products with strategic international links to emerging global markets. Speaking at the valedictory session of INDIASOFT 2003 which is being organised by the Electronic & Computer Software Export Promotion Council (ESC), here today, Shri Rudy emphasised the need to upgrade the skills in marketing for the sustainable growth of the IT industry. Shri Dipak Puri, Chairman, ESC, was present at the occasion along with members of trade and industry.

During his address, Shri Rudy said that Indians had been playing a crucial role in the transformation of Indian economy from industrial paradigm to knowledge-based information revolution and said that IT software and services exports from India could play an important role in increasing India’s share in the world trade to 1% by 2007. Inherent strengths of the IT sector is fairly reflected in its achievements even in the times of economic slowdown in major markets, the Minister said. "The global economic environment is becoming highly competitive and new competitors are emerging. It is high time for us to move up the value chain and have a broader vision for finding new business opportunities in global market", he said.

Shri Rudy assured the exporting community that the government was fully committed and geared up to improve the infrastructure and creating a conducive environment for business. He hoped that the goal of software and services exports of US $ 50 billion by 2008 could be achieved with the ever-growing improvement in satellite communication system. Shri Rudy commended ESC for organising INDIASOFT 2003 and said that it would prove useful for devising strategies by both industry and the government.