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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?


To: JPR who wrote (10474)1/9/2000 1:56:00 PM
From: Sam Bose  Read Replies (1) | Respond to of 12475
 
India Software Exports Seen at $100B: Sunday New York Times

January 9, 2000

Filed at 12:10 p.m. ET

By Reuters
NEW DELHI (Reuters) - India's software exports could grow exponentially to more than a $100 billion in the next few years from the current annual $4 billion, the former founder-CEO of Sun Microsystems Inc. (SUNW.O) predicted on Sunday.

``By 2005 or so, we (India) are talking in terms of $50 billion (software) exports. I predict that it will be more than $100 billion,' Vinod Khosla, now a venture capitalist and new technology guru, told Reuters at a business conference.

``The (Indian) telecoms market is currently $4 billion. I predict in seven, eight years time, it will be a $100 billion,' Khosla told participants at ``The Partnership Summit 2000,' organized by trade association, Confederation of Indian Industry.

Management consulting firm McKinsey & Co. said last month that the Indian software and services industry could raise revenue to $87 billion by 2008, around $50 billion of it in exports.

The Indian-born Khosla is a general partner of Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital fund.

He is also a director on the boards of Internet service provider Concentric Network Corp. (CNCX.O), Internet equipment provider Juniper Networks Inc. (JNPR.O) and QWEST Communications International Inc. (Q.N), a broadband Internet communications firm.

About 90 percent of the domestic telecommunications market is controlled by state departments or state-run firms, like Videsh Sanchar Nigam Ltd. (VSNL.BO) and Mahanagar Telephone Nigam Ltd. (MTNL.BO).

Khosla said the growing reach of the Internet would touch virtually every sphere of economic activity, adding the contribution of manufacturing to economic growth would decline rapidly.

Pramod Mahajan, Information Technology (IT) Minister, told the conference the federal government was committed to boost the IT sector. ``Our mantra is infotech,' he said.

He added the government would announce policy changes to help the sector in its budget for 2000/01 (April-March) to be presented to parliament late in February.