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Sector Spotlight: ICT Business Opportunities in India
The Information and Communication Technology (ICT) sector and the Digital Economy are major economic drivers in India. Pennsylvania companies are encouraged to join this session to learn more about the tremendous opportunities in India’s ICT sector.
India aims to reach a $1 trillion digital economy and a $5 trillion GDP by 2025.
- India’s digital economy generates approximately $200 billion annually from information technology (IT) and business process management (IT-BPM), IT-enabled services (ITeS), e-commerce, electronics manufacturing, digital payments, and digital communication services.
- India’s cybersecurity service industry is growing rapidly as the country’s digital economy and critical infrastructure sectors expand,
India has emerged as the second largest manufacturer of mobile handsets in the world. At 1.2 billion (1.18 billion wireless and 20 million wired), India has the second largest number of telecom subscribers in the world. India has 778 million (755 million wireless and 22 million wired) broadband subscribers.
Technology investments by Indian enterprises in India grew from $38 billion in 2017 to $45 billion in 2021.
- Major drivers of this growth include digitalization and the modernization of services. The banking, financial services, and insurance (BFSI), manufacturing, retail, consumer packaged goods, media, and entertainment industries are all adopting digital innovations to transform their business models.
Enterprises are adopting new tools and technologies such as chatbots, natural language processing, robotic process automation, cognitive analytics, security operations centers, internet of things (IoT), 3D printing, data analytics, cloud computing, artificial intelligence, connected vehicles, blockchain, and augmented/virtual reality to improve services and experiences for their customers.
Pennsylvania companies are encouraged to join this session to learn more about trends and opportunities across India’s ICT sector and digital economy. Sector Spotlight: ICT Business Opportunities in India presented by our authorized trade and investment representatives, Ms Sushama Kanetkar and Ms Supriya Kanetkar.For more information, click here. This session will be held on January 26, 2022 - 9:00 am - 10:00 am EST.
Register here. ______________________________________________________________________________________________
Join the Conference of Great St. Lawrence Governors & Premiers' Trade Mission to Israel
Are you looking to grow your export sales? Consider joining GSGP's upcoming trade mission to Tel Aviv, Israel May 15-19, 2022. All participants will receive a pre-screened, customized, b2b meeting schedule with potential distributors, buyers and joint venture partners. Participants will also benefit from market sector briefings, networking events and logistical support. Various State export assistance grants are available that may offset from 50-75% of trade mission costs. Let the GSGP Israel Trade Office save you valuable time and resources, and maximize your results!
Why Israel?
- The Israeli market is stable and highly receptive to Canadian and U.S. products and services. Both countries have enjoyed access to the Israeli market through free trade agreements established over 20 years ago.
- Israel has a thriving innovation ecosystem and is a global leader in number of startups outside of Silicon Valley. Best prospect sectors include agriculture, design and construction, energy, environmental technologies, information technology, and safety and security. Science and technology are significant drivers of the Israeli economy.
- In 2020 U.S. goods exports to Israel were $10.2 billion. Exports of services reached $6 billion in 2019. Two-way merchandise trade between Canada and Israel was valued at more than $1.6 billion in 2020.
- Top U.S. and Canadian exports to Israel include precious or semi-precious stones, vehicles and related parts, aircraft and related parts, electrical and industrial machinery, and medical devices.
CostsParticipation fee: In person: U.S. $1,500 per company and $500 each for additional participant. Market research & Customized Appointment Setting fees:Israel: U.S. $3,200**Fee is complimentary for companies based in IL, OH, & PA.
Grant funding is available in many States to offset mission costs by 50-75%.
Click here for more information.