Dubai: The UAE has been ranked as the top destination for the export of electronics goods into the Middle East for the fiscal year 2015-16, followed by Saudi Arabia and Turkey, a top official has revealed.
Electronics goods export to Middle East Countries during 2015-16 is valued at $1.06 billion while export of software and related services to Middle East stood at $2 billion
Kamal Vachani, regional director for Middle East at Electronics & Computer Software Export Promotion Council (ESC), an autonomous body under the auspices of the Indian Ministry of Communications and IT, said the Middle East continues to enjoy solid growth rates despite a global slowdown.
To take advantage of the export scenario and further strengthen ties with the region, he said that ESC is fielding 48 Indian ICT companies under the India Pavilion.
“India is making a number of efforts to enhance electronics manufacturing within the country,” Vachani said. “This involves minimising [the] number of processes and time involved in starting a business and necessary approvals.”
The Tech event is continuing to emerge as the “largest and the most impressive ICT event” of its kind in the Middle East.
He said that ESC has been facilitating Indian participation on a regular basis at Gitex to take advantage of the booming IT market in the Gulf and leveraging that association for getting businesses for Indian IT companies from a multitude of large global corporations, which are executing projects in the region.
“The event provides the participating Indian ICT companies opportunities for scouting the expanding Middle East market. The participating Indian companies have reported having bagged significant businesses, forged joint ventures, marketing tie ups, etc with the buyers visiting the exhibition,” he said.
Vachani added that India has a great stake in the booming Middle East, Africa, Asia and European markets for which Dubai is the gateway.
Thus the event provides participating Indian ICT companies with a chance to scout for opportunities in the expanding Middle East market.
He said there was a growing level of interest among Indian companies eager to explore the Middle East and neighbouring countries.
“We have earmarked Dubai as the main thrust of India’s export of software services and hardware. We have seen a great potential in exhibiting in Gitex,” Vachani said.