Kamal Nath announces new export promotion council for Telecom Sector

Shri Kamal Nath, Union Minister of Commerce and Industry, has announced that the Information technology (IT) sector would be brought under the Special Focus Initiative this year. Emphasising the need to strengthen India’s manufacturing and export capabilities in the IT hardware sector, the Minister said that the specific items of this sector shall be made eligible under the High Tech Product Export Promotion Scheme. “Funds would also be specifically earmarked for this sector under the ongoing MDA and MAI Schemes”, he added. Noting that India’s expertise in IT software is internationally established, Shri Kamal Nath also announced the setting up of a new Export Promotion Council for Telecom Sector to provide institutional support to exports from the telecom sector.