Hyderabad to host Indiasoft in Feb

The 17th edition of Indiasoft, the global networking event for the Information Technology companies, will be held here on Feb 13-14, 2017, a Telanagana government official said on Friday.

As many as 500 international buyers from 75 countries and 250 Indian exporters will participate in this exhibition.

State Information Technology, Electronics and Communications Secretary Jayesh Ranjan told reporters here that it is the unique business opportunity for Indian exporters to interact with international buyers for forging business alliances and strategic global networking.

He said the event offer exclusive platform for the IT companies to forge new business collaborations, joint ventures and strategic alliances to strengthen their market position, adding it would be the largest gathering of Indian IT companies and international buyers under one roof.

Presently the US followed by Britain are the largest markets for Indian IT firms, but this is the time to think about the rest of the markets and grab the opportunities, said Ranjan.

The Indian firms may explore opportunities in Latin America, Africa and Middle East. An International research group, consisting of members from various countries will also participate in this event.

Stating that Hyderabad is a key hub of IT industries, Ranjan pointed out that the city is presently has Rs 60,000 crore IT exports.

Noting the Telangana government aims to double the present IT exports in next five years, he said that to encourage emerging IT enterprises, small and medium firms and start-ups, 50 percent subsidy will be provided by the state government to participate in Indiasoft.

Electronic and Computer Software Export Promotion Council Executive Director D.K. Sareen said that the event will facilitate competitively-priced IT solutions for the IT industries by offering wide range of software solutions.