Engineering Post Report
The outlook for Information and Communication Technologies (ICT) sector for the financial year 2020-21 is quite promising.
The federal government’s strong commitment and priority for this important and vital sector will obviously accelerate the momentum further in digitalization, launching innovative services to address the local issues , and also availability of skilled Information Technologies (IT) human resources.
However, in order to sustain this accelerated growth trend in IT, access to to high-quality mobile broadband networks and affordable services would be crucial. This would help not only in increasing the mobile broadband penetration and data usage but also go a long way in ensuring digital inclusion of under-privileged segments of the society.
On the trade and commerce side, wider usage of e-commerce and online business would also enable more people to reach out to new markets as well as open new avenues for earnings. This would also help in flourishing the startup environment.
In order to attract venture capital and foreign investment on large scale, emphasis on establishing software technology parks would be required along with improving regulatory and financial policies.
Exports in IT/ITeS-BPO are estimated to have already crossed US $ 3.5 billion. For still higher growth, new areas have to be explored, such as data-driven services, manufacturing of smart technology components and products etc. and high-end, ICT skilled human resources .Therefore, concerted focus on software development , software and IT workforce export, in-country employment opportunities, e-governance for an effective service delivery , m-governance and smart monitoring , technology incubators and support for entrepreneurs would help in bringing about an accelerated pace of growth in this sectors, the IT related official sources and experts maintained on being contacted.
