Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
NEETs credibility must be restored
access_time 14 Jun 2024 11:33 AM GMT
May peace prevail in West Asia
access_time 13 Jun 2024 5:29 AM GMT
The scholar and the ignoramus
access_time 12 Jun 2024 8:08 AM GMT
Modi cabinet
access_time 11 Jun 2024 12:41 PM GMT
All of us are victims of war
access_time 10 Jun 2024 4:15 AM GMT
exit_to_app
Homechevron_rightKeralachevron_rightState targets Middle...

State targets Middle East IT markets

text_fields
bookmark_border
State targets Middle East IT markets
cancel

Thiruvananthapuram: 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.

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 Kerala 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.

Show Full Article
Next Story