India's IT exports resilient despite difficult times

Export of computer software, services during 2012-13 estimated to have registered growth of 10.26% over 2011-12

India's IT exporters have demonstrated resilience by surviving the difficult market conditions of recent times, a senior industry official has said.

Kamal Vachani, Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC) for the Middle East, said India's export of computer software and services during 2012-13 is estimated to have registered a growth of 10.26% over 2011-12.

"In value terms, export of computer software and services during 2012-13 is estimated to be USD 75 billion, up from USD 68 billion estimated in 2011-12", said Vachani.

With an objective to give a visible momentum to enhancing IT & ITES exports from the country, ESC has created a unique brand for Indian software and services companies in 2001 INDIASOFT International IT Exhibition & Conferences, Vachani said in a statement.

According to him, the main focus of INDIASOFT events has been to enhance the opportunities for Indian software companies in emerging and established IT markets across the world. ESC has organised 12 editions so far.

NEI develops fuel efficient bearing for two-wheelers *    Jaipur: Leading bearings manufacturer and exporter National Engineering Industries Ltd. (NEI) has said it has developed a fuel efficient bearing for two-wheelers.

The bearing is capable of improving fuel efficiency by 2 to 3% in two wheeler segments, a top official said.

"By understanding various torque contributors to the bearing such as grease, seal and internal bearing geometry, we have developed the low torque bearing technology to improve fuel efficiency," Rohit Saboo, President & CEO  of the company told PTI.

He said such bearings have also been developed for other automotive segments and the company has also supplied the latest bearings to a two-wheeler manufacturing company.

"As part of growth plans, our focus has been on building Research and Development capabilities through research, partnerships, patents etc. The technological advancement will boost the confidence among key customers in India as well as abroad," he said.