New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal has assured leaders of India’s top IT companies that the Modi government will work to accelerate growth and help India’s services exports. Will give full support to this sector. $1 trillion in a decade.
The minister said that India is on track to achieve its merchandise export target of $400 billion this year, while services exports are expected to be around $240 billion to $250 billion, which is very low, but with merchandise exports. can grow rapidly.
“When I look at the trajectory of these – I personally believe it’s going to be a race to the top. We can concentrate $1 trillion. That should be the ambition, the mission. You have a little bit of catching up to do. I will be happy if you cross $1 trillion faster than them,” the minister told the leaders of the IT industry.
Piyush Goyal welcomed the proposal of the IT industry to start IT hubs in Tier-II and Tier-III cities, which would create many jobs and help in the growth of the sectors. He said that the IT industry should identify towns and the Center would assist them in providing all necessary infrastructure and facilities.
He said that IT industry can make a big contribution in export of services by focusing on new technology and products which can make India a big global player in this field.
In the virtual meeting over the weekend, the minister told the leaders of the IT industry that they should focus on high-tech products, for which the central government would provide any support required by the industry.
He appreciated the proposal of the IT industry to create IT hubs in Tier-II and Tier-III cities across the country and said that the central government would help the industry to get top class facilities.
He said the IT industry has grown tremendously on its own and many top companies have grown at a time when India did not focus on creating a conducive ecosystem for startups. Shri Goyal said that the Department for Promotion of Industry and Internal Trade (DPIIT) will provide any assistance required to help the IT industry grow rapidly and contribute to India’s services exports.
Nasscom Chairman Debjani Ghosh, Infosys CEO Salil Parekh, Tech Mahindra CEO and MD CP Gurnani; Srikanth Velamkanni, co-founder and CEO of artificial intelligence technology startup Fractal Analytics; Nitin Rakesh, CEO, Mphasis; Wipro Chairman Rishad Premji; NV Thiagarajan, CEO of Genpact; Keshav R Murugesh, CEO, WNS Global Services Group; Mastek CEO Hiral Chandrana; Krishnan Ramanujam, President and Head of Business and Technology Services, Tata Consultancy Services (TCS).
IT industry leaders said the sector saw strong growth last year, and last week, strong earnings reported by companies set a positive tone for the years to come.
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/*$( ".comment-button" ).live("click", disqusToggle);
function disqusToggle() {
var id = $(this).attr("id");
$("#disqus_thread1" + id).toggle();
};*/
//$(".main-rhs2428396").theiaStickySidebar();
var prev_content_height = $(content_selector).height();
//$(function() {
var layout = $(content_selector);
var st = 0;
///});
}
}
});
/*}
};*/
})(jQuery);
,