You are here: Home » News-IANS » Business-Economy
Business Standard

Kerala targets Middle East IT markets

IANS  |  Thiruvananthapuram 

The government will devise a new strategy to support small and medium IT companies in the state to tap into the Middle East markets more effectively, a senior IT official said on Wednesday.

For this the government along with the industry body, Group of Technology Companies (GTech), is mulling over funds to support companies to create prototypes that have market potential.

IT Secretary M. Sivasankar, who is in Dubai attending the five-day GITEX Technology Week, also held a series of discussions with a team of high level IT officials to cement the basics.

Most often, small and medium companies face constraints of funds while trying to make innovative products, Sivasankar said.

"Apart from addressing the gap between the buyer and the company entering the co-ownership model, the government will now consider a fund to support companies to create prototypes that have market potential," he said.

Sivasankar pointed out that the relationship between TECOM Group -- a strategic business enabler of 11 communities in Dubai and Smart City Kochi -- IT Special Economic Zone, would benefit both the United Arab Emirates and Kerala.

GTech feels that the current economic environment in the Gulf presents huge opportunities for small and medium-sized enterprises (SMEs) in and it should be tapped.

"Corporates are moving from expensive solutions provided by large conglomerates to cost effective ones offered by SMEs," GTech's Business Head Rafeek K Mohammed said.

"If our companies are able to deliver economic and scalable solutions, there will be takers," he added.

Twenty eight IT companies from Thiruvananthapuram, Kochi and Kozhikode are currently participating in the GITEX that concludes on Thursday.

--IANS

sg/in/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Kerala targets Middle East IT markets

The Kerala government will devise a new strategy to support small and medium IT companies in the state to tap into the Middle East markets more effectively, a senior IT official said on Wednesday.

The government will devise a new strategy to support small and medium IT companies in the state to tap into the Middle East markets more effectively, a senior IT official said on Wednesday.

For this the government along with the industry body, Group of Technology Companies (GTech), is mulling over funds to support companies to create prototypes that have market potential.

IT Secretary M. Sivasankar, who is in Dubai attending the five-day GITEX Technology Week, also held a series of discussions with a team of high level IT officials to cement the basics.

Most often, small and medium companies face constraints of funds while trying to make innovative products, Sivasankar said.

"Apart from addressing the gap between the buyer and the company entering the co-ownership model, the government will now consider a fund to support companies to create prototypes that have market potential," he said.

Sivasankar pointed out that the relationship between TECOM Group -- a strategic business enabler of 11 communities in Dubai and Smart City Kochi -- IT Special Economic Zone, would benefit both the United Arab Emirates and Kerala.

GTech feels that the current economic environment in the Gulf presents huge opportunities for small and medium-sized enterprises (SMEs) in and it should be tapped.

"Corporates are moving from expensive solutions provided by large conglomerates to cost effective ones offered by SMEs," GTech's Business Head Rafeek K Mohammed said.

"If our companies are able to deliver economic and scalable solutions, there will be takers," he added.

Twenty eight IT companies from Thiruvananthapuram, Kochi and Kozhikode are currently participating in the GITEX that concludes on Thursday.

--IANS

sg/in/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Kerala targets Middle East IT markets

The government will devise a new strategy to support small and medium IT companies in the state to tap into the Middle East markets more effectively, a senior IT official said on Wednesday.

For this the government along with the industry body, Group of Technology Companies (GTech), is mulling over funds to support companies to create prototypes that have market potential.

IT Secretary M. Sivasankar, who is in Dubai attending the five-day GITEX Technology Week, also held a series of discussions with a team of high level IT officials to cement the basics.

Most often, small and medium companies face constraints of funds while trying to make innovative products, Sivasankar said.

"Apart from addressing the gap between the buyer and the company entering the co-ownership model, the government will now consider a fund to support companies to create prototypes that have market potential," he said.

Sivasankar pointed out that the relationship between TECOM Group -- a strategic business enabler of 11 communities in Dubai and Smart City Kochi -- IT Special Economic Zone, would benefit both the United Arab Emirates and Kerala.

GTech feels that the current economic environment in the Gulf presents huge opportunities for small and medium-sized enterprises (SMEs) in and it should be tapped.

"Corporates are moving from expensive solutions provided by large conglomerates to cost effective ones offered by SMEs," GTech's Business Head Rafeek K Mohammed said.

"If our companies are able to deliver economic and scalable solutions, there will be takers," he added.

Twenty eight IT companies from Thiruvananthapuram, Kochi and Kozhikode are currently participating in the GITEX that concludes on Thursday.

--IANS

sg/in/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard