India is very well placed to realise the potential of technology in sectors, said Dr. Abhay Sinha, DG Services Export Promotion Council (SEPC) on the role of technology is playing in the growth of India’s services exports.
“When we talk about technology, the initial way of export is based on technology itself, digital transmission. Normal merchandise export requires physical transfer of commodities. “A lot of services, such as consultancy and other ITI-based services, may be done online,” he stated.
“India is very well placed to realise the potential which is expected. There are great opportunities to succeed, immense potential exists, and the industry is preparing to meet the challenge,” he added.
Sinha told Bw Retail World that SEPC held a meeting with the Ministry of Information and Broadcasting for this specific industry.
“The objective was to examine the African market, both emergent and non-traditional,” he explained.
“Being the first to market in certain sectors, technology plays a role in services,” he added.
When asked about the involvement of states in the export industry, Sinha stated, “Every state government has done something in terms of promoting the product expo.”
States have begun to recognise the impact and relevance of the services, with certain states, such as Tamil Nadu, Andhra Pradesh, Karnataka, and others, ramping up their policies, he added.
Furthermore, he stated that the manufacturing site goods export and services export would exceed $310 billion this fiscal year, which is now at $272 billion.
“It was a multisector business delegation to Africa and the CIS area, covering Egypt, Kenya, the Ivory Coast, and South Africa,” Sinha said of SEPC’s recent logistics event. We travelled to Kyrgyzstan, Kazakhstan, and Uzbekistan in the CIS area, and a number of IT and logistics organisations went.”
There are more meetings to be followed, he added.