$87 billion target for country's IT exports in 2012-13: Sachin Pilot

NEW DELHI: India has set a target of achieving $ 87 billion from IT exports in 2012-13, Minister of State for Communications and IT Sachin Pilot has said in Parliament.

"The estimated revenue generated through IT exports during the year 2011-2012 is $ 77.9 billion. The projected target set for IT exports during the current financial year is $ 87 billion," Pilot said in the Lok Sabha on August 8.

He said in order to provide incentives to IT sector, the government has notified a policy to provide preference to domestically manufactured electronic products and a modified special incentive package scheme to attract investments in electronics systems design and manufacturing (ESDM) industries.

"Electronics manufacturing clusters scheme to provide world-class infrastructure for attracting investments in the ESDM Sector has been approved by the government," Pilot said.

Pilot said the government has also constituted an Empowered Committee (EC) for identifying technology and investors for setting up semiconductor fabrication facilities in the country.