India sets new target for telecom exports, $10 bn by 2020

India-sets-new-target-for-telecom-exports,-$10-bn-by-2020The government of India is targeting $10 billion telecom exports in the next five years i.e. by 2020.

As per Telecom Export Promotion Council (TEPC), the telecom equipment industry had exported Rs 19,654 crore and around Rs 12,000 crore from telecom services in FY 2013-14.

Inaugurating TEPC 6th Reverse Buyer Seller Meet, minister of communications and information technology, Ravi Shankar Prasad said “India had proven its capabilities in ICT Sector as a preferred destination for services and outsourced R&D. In the backdrop of large domestic demand for telecom equipments in India, Indian companies are now using innovation and R&D to create world class products for India as well as for other emerging markets having similar needs.”

“Success in Indian market requires best technology, highest quality and affordable costs. The fact that buyers from Peru to Philippines and from Mexico to Malaysia participated in this event gives confidence that Indian products are gaining acceptance in the global markets. He assured that the government is fully committed to promoting manufacturing and exports of telecom as a focus area,” commented Prasad.

Rajiv Kher, secretary of commerce said, “Emerging markets of Africa, Latin America, SE Asia and CIS countries were the natural destination for Indian exports, since they would have the highest growth potential in the coming years. Telecom equipment is increasingly being differentiated by design and software in which India has very strong and proven capabilities.”

Rakesh Garg, secretary, department of telecom said, “India‚Äôs ability in frugal innovation to develop world-class telecom equipments was helping operators to offer services at very low costs. He expressed satisfaction that Indian companies were increasing the exports of telecom equipments and services. He stressed the need to build long-term partnerships between overseas buyers and Indian companies, keeping in view the continuous technological changes happening in telecom sector.”

Shri Sanjay Nayak, vice chairman, TEPC and MD, Tejas Networks, on behalf of the industry, described this as a very high impact event which was directly facilitating the domestic industry to generate business in overseas markets by bringing together a large number of buyers and manufacturers under one umbrella.

Rajiv Mehrotra, chairman, VNL, assured that Indian industry is geared for innovation and global competition and can act as long-term technology partners for emerging market countries.

TEPC has created this platform to bring potential buyers from across the globe to meet the quality telecom equipment and services suppliers of India to develop long term business relations. The main objective of the event is to provide opportunities to Indian telecom exporters to meet qualified overseas buyers.

This event provides one to one meeting opportunities between buyers from different countries and Indian exporters who can enlighten them about their products and technology solutions. This year for the TEPC is also conducted an exhibitions on the side line of the event where more than 25 telecom exporters showcase their products and capabilities.

TEPC 6th Reverse Buyer Seller Meet was attended by 49 buyers from 19 countries for sourcing telecom equipments and services. These buyers represent service providers and system integrators largely from South-East Asia, Latin America as well as from Africa.

The meet had participation from Algeria, Bangladesh, Brazil, Kenya, Malaysia, Mexico, Nepal, Nigeria, Peru, Philippines, Rwanda, Saudi Arabia, Somalia, Tanzania, US, Yemen, Ecuador and Gambia.

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