Join India’s IT boom, Pilot tells Canadian firms

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Toronto: Sachin Pilot, India’s Minister of State for Communications and Infor-mation Technology, on March 31 asked Canadian companies to invest in India to take advantage of the IT revolution in the country.
Pilot, who is here to meet with leaders of Canadian companies such as BlackBerry maker Research In Motion (RIM) to discuss investment opportunities and issues related to cyber security, said there was a huge scope for Canadian IT companies in India’s telecom sector because of its on-going “exponential growth.’’
In his invitation to Canadian companies, he said: “Though our two countries have great relationship, it has now to be translated into business. High technology is opening big opportunities for foreign companies in India.’’
The Minister said India’s IT and BPO exports have touched $60 billion, but Canada’s share was just $600 million. “Which is low by Canadian standards,’’ he said.
According to Pilot, the Indian telecom and IT sector will need investments to the tune of nearly $400 billion in the coming years, offering huge prospects for foreign players in software and hardware.
He said most of Forbes’ 500 companies have set up shop in India because of its “great market, R & D facilities and support by the government.’’
Referring to US President Barack Obama’s opposition to outsourcing of IT jobs to India and other countries, he said the Indian IT sector has maintained growth rate of 30 percent and not been much impacted by recent global developments.
Pilot met top bosses of BlackBerry on April 1 before leaving for India.
He is the second Minister to visit Canada this year. Kamal Nath, Minister for Road Transport and Highways, was here last month to woo Canada companies.

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