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India is seeking joint venture technology parks in strategic partnership with Dubai Internet City (DIC), an Indian diplomat said.
 Asghar Khan/Gulf News Yash Sinha (2nd left), Indian Consul General, and other officials at the opening of the Indian pavilion of Gitex 2005. |  |
Consul General Yash Sinha told Gulf News yesterday, "A lot of Indian states are seeking strategic partnerships with the DIC to set up their own technology parks the way Kerala has set up Smart City. "Some Indian states have expressed similar interest and they would be pursuing this with DIC and other government entities here." DIC and the Government of Kerala this year signed an agreement to set up a technology park, Smart City, that will help India's IT sector to boost exports and receive greater exposure to international markets through the expertise of DIC. He said, India's IT exports are growing tremendously. "Our IT exports to the UAE reached $202.45 million in 2004-05 from $150.55 million the previous year," he said. "India is one of the largest sources of IT solutions globally and the Middle East is one of the fastest growing markets. So strong cooperation could benefit both." India's largest IT contingent is seeking to expand their business in the region by participating in this year's Gitex, in which 68 IT companies are participating in the 950 square foot pavilion that has been set up by India's Electronics and Computer Software Export Promotion Council (ESC). More than 180 Indian-owned companies are active in the DIC, Dubai's version of Silicon Valley. India's IT exports last year reached $20 billion and are poised to cross $24 billion by the end of the current fiscal year ending March 2006. India's IT exports to the Middle East are about 1.55 per cent of its IT exports worldwide. However, the region is the recipient of 2.66 per cent of India's global electronics hardware and computer software and services.
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