The Hindu Business Line : Over 130 cos from India, China to take part in GITEX 2005

OVER 130 companies from China and India will be spearheading the Asian participation at GITEX 2005to be held from September 25 to 29 at the Dubai International Convention and Exhibition Centre.

"This year's GITEX, in its 25th edition, will offer multiple opportunities for businesses to take advantage of the tremendous growth in emerging markets over the past couple of years," said Dubai World Trade Centre (DWTC) Director-General, Mr Helal Saeed Khalfan Al Marri, according to a statement.

"Both India & China have registered high growth in recent years and have emerged as the bright spots in IT demand, with India achieve a 28 per cent growth rate as compared to China's 24 per cent ," said Mr Al Marri, quoting figures from leading research firm IDC.

ICT growth across the globe this year will be mostly consumer-driven, with the notable regional exception being China, where commercial sales have been strengthened by the nation's booming economy, IDC said.

The Indian IT market is estimated to touch Dh 238 billion ($65 billion) by 2009, posting a compounded annual growth rate of 21 per cent, according to IDC.

The Indian IT market crossed the Dh 91.75-billion mark ($25 billion) in 2004. This included a contribution of Dh 61.28 billion ($16.7 billion) from exports and Dh 31.19 billion ($8.5 billion) from the domestic market. GITEX last year had 939 exhibitors representing more than 2,428 companies from 41 countries and attracted a record 116,346 visitors.

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Over 130 cos from India, China to take part in GITEX 2005

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