Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textile, believes that India’s top IT companies will have a great contribution in raising services exports to $1 trillion as India is on the right track to achieve its merchandise exports target of $400 billion this year.
During a crucial meeting with top business leaders from the IT sector, Piyush Goyal said the IT sector can play a key role in raising services exports to $1 trillion in a year. He added that the Central Government will give full support to the sector to accelerate growth and help India’s economy.
According to Piyush Goyal, India is on the right track to achieve its merchandise exports target of $400 billion this year. Goyal believes that it can accelerate rapidly and catch up with the merchandise exports.
“When I look at the trajectory of these, I personally believe this is going to be a race to the top. We can cover $ 1 trillion. That should be the ambition, mission. You have a little bit of catching up to do. I’ll be delighted if you choose $ 1 trillion faster than them”, the Minister told the IT Industry Leaders. ‘
Piyush Goyal accepted the IT industry’s proposal to start an IT hub in Tier-2 and Tier-3 towns and said he will bring numerous job opportunities and help in growth of the region. He said that the IT industry should identify the opportunities, and the Centre would help them with the required infrastructure and facilities.
Goyal wants the IT sector to focus on high-tech technologies and products. According to him, the IT Industry has seen tremendous growth on its own, and several top companies grew at a time when India did not focus on creating a favourable ecosystem for startups.
In the meeting, that was attended by some top IT leaders, including Nasscom President Debjani Ghosh, Infosys CEO Salil Parekh, Tech Mahindra CEO & MD CP Gurnani, Srikanth Velamakanni, Wipro Chairman Rishad Premji, Genpact CEO NV Tyagarajan, TCS President and head of Business & Technology Krishnan Ramanujam etc., all the members have focused on the state-of-the-art technologies and strategies that can help in rapid economic growth.