Hyderabad: February 13th

Business deals worth Rs 400 crore in the information technology sector are expected to be concluded between Indian and overseas firms at the 12th international conference IndiaSoft, the flagship IT event of the Electronics and Computer Software Export Promotion Council (ESC), in Hyderabad between March 21 and 23.

This is the third time that Hyderabad is hosting the event.

“In the last year’s event, business deals worth Rs 300 crore were concluded. This year it will be more as a larger contingent of foreign delegates have confirmed their participation,” Mr D.K. Sareen, Executive Director of ESC, told media persons here on Monday.

A significant feature of this edition of IndiaSoft will be the larger participation from emerging countries, which are now in the focus of Indian IT firms in the SME sector.

“About 30 delegates from Latin American countries, 30 from African countries and 25 from the Middle East will be participating in the event. Totally, we expect 360 foreign delegates from 70-odd countries,” he said.

The event is an important one for SMEs in the IT business, as these smaller firms could showcase their products and services to prospective clients globally. While the top 200 IT companies in India account for a 80 per cent share in the country’s IT-related exports, 2,200 SMEs account for only 20 per cent.

TWO MORE EVENTS

The AP Minister for Information Technology, Mr P. Lakshmaiah, said “Hyderabad will host two other international IT-related events. While the International Conference of Software Engineers will be held here in 2014, the International Internet Companies for Assigned Names and Number (ICANN) is likely to hold its convention in the city in 2013.”

source: http://www.TheHinduBusinessLine.com / Industry & Economy> Info-Tech / our Bureau / February 13th, 2012