Electronics and Computer Software Export Promotion Council (ESC), an
organization sponsored by the Government of India is the Registering
Authority for the IT / ITeS industry of India under the Foreign Trade
Policy of the Directorate General of Foreign Trade, Government of
India. ESC has a membership base of over 2300 Indian ICT
companies spread across the country and works as a bridge between the
Government and the Industry on policy and promotional matters.
ESC also implements financial assistance programs of the Government of
India to enhance market outreach of its member companies in the global
markets.
Department of Commerce has identified 12 Champion Services Sectors
for promoting their development and realizing their potential,
including Information Technology & Information Technology enabled
Services (IT & ITeS), Tourism and Hospitality Services, Medical
Value Travel, Transport and Logistics Services, Accounting and
Financial Services, Audio Visual Services, Legal Services,
Communication Services, Construction and Related Engineering Services,
Environmental Services and Education Services. A dedicated fund of Rs.
5000 crores has been established to support initiatives for sectoral
Action Plans of the Champion Sectors with around Rs. 600 crores
reserved for the IT / ITeS sector through MeitY.
You will be happy to know that the Council’s proposal to support
its MSME Members under the Market Outreach Program of Champion Services
Scheme has been approved by the Government of India. We will have
four consortiums with participation of five non-competing companies in
each for setting up Business & Marketing Office Support i.e. two
each in USA and UK. Each consortium will be provided with a
physical office space (soft-landing / co-working / incubator), one
local Marketing Executive, and an Office Assistant to assist each
group, which will be identified and finalised later.
The program
assistance is primarily focused to assist Small & Medium IT
companies having export capabilities to penetrate these two important
markets for their IT products and Services.
(Amount in USD – Per Month / each Center)
Sr | Description | Budget | Government Share | Industry Share |
A | Office Rental | 1000 | 900 | 100 |
B | Marketing Executive | 8000 | 7200 | 800 |
C | Office Assistant | 1500 | 1350 | 150 |
The cost of Physical Business & Marketing Office, Marketing
Executive and Office Executive will be subsidised by the Council by 90%
and balance 10% would be payable by the five participating consortium
members. A 10% amount to ESC would also be payable by each
participating company towards administrative fee.
Indian IT companies with an export turnover upto Rs. 10 crore having innovative technology segments export potential and existing exports to USA / UK will be given preference under the program.
The final selection will be subject to scrutiny of applications by the ESC Committee comprising of Industry Members and nominees of the Government of India and the decision would be final and binding.
We look forward to receive your nomination using the below link on or before July 25, 2020.
Click HERE to submit your nomination.