Kolkata: Buoyed by the strong growth in India’s Information Technology (IT) sector, country has projected IT exports for the current fiscal at USD 75 billion, while it would be at 100 billion for 2015.

Electronics and Computer Software Export Promotion Council (ESC) Chairman S Radhakrishnan said on Wednesday that the country is required to change its planning and devise new strategy to keep its leading position intact in IT export.

Radhakrishnan said, “Software and services export is likely to increase by 10 percent at USD 64 billion and electronics hardware would grow by 30 percent to USD 10 billion in 2011-12.”

“In 2010-11, export of software and electronic hardware from India was USD 64 billion and in the current fiscal it is projected at USD 75 billion,” he added.

Deliberating on the growth of the IT industry in West Bengal, Radhakrishnan said, “The state has a huge potential to become an IT hub. Chief Minister Mamata Banerjee will have to provide basic facilities for development of this lucrative sector. IT export is likely to double over the next 2-3 years in state.”

IT export is expected to increase by 48 percent in second quarter of the current fiscal.

IT export to USA would be at USD 3.72 billion compare to USD 2.5 billion in the previous year.

According to the ESC, hardware export is likely to increase by 30 percent at 10 billion by 2012.

JPN/Bureau