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Leveraging Indian ICT for Nigeria Presentation by Indian High Commissioner Mahesh Sachdev at WAFICT Congress-2011 Lagos, October 18 2011.

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Presentation on theme: "Leveraging Indian ICT for Nigeria Presentation by Indian High Commissioner Mahesh Sachdev at WAFICT Congress-2011 Lagos, October 18 2011."— Presentation transcript:

1 Leveraging Indian ICT for Nigeria Presentation by Indian High Commissioner Mahesh Sachdev at WAFICT Congress-2011 Lagos, October

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3 A Snapshot of India Population: 1.21 Billion (2 nd Largest) on Area: 3.2 mn sq kms (7 th Largest) Polity: Parliamentary Democracy under 1950 Constitution with electoral college of over 714 mn; 15 General Elections in 60 years. Media: ~70,000 Publications, 1,400 TV Stations, 100 m on Internet GDP: PPP: $4.04 Tn (5 th) ; Nominal: $1.7 Tn (10 th) Composition: Services:58%, Ind.:28%, Agric.:14% GDP Growth: 10.4% in 2010; 7.7% in 2011 (IMF Data) Trade/GDP: 40%; Exports: $250 bn; Imports $327 bn Fixed Investment/GDP: 32.2% Market Cap/GDP: 150% Approx. Fiscal Deficit: 4.7% of GDP Cumulative Foreign Investments on : $198 bn (FDI); $172 Bn (FII); $ 89 bn (Investments Abroad) Mixed Economy under Independent Regulators 3

4 Nigeria-India: Current Picture 2 nd Largest Trading Partner ($13.0 bn in 10-11) Largest Investor in Nigeria in 2010 ($ 5 bn) 2 nd Largest Employer (100+ Indian Cos) Pole Spot in IT, Health, Steel, Power X-mission Growing Medical Tourism, Education & Training Incoming Projects: Power, Petro-Chem, Health Growing P2P Contacts: 23,669 Visas in 2010 ~35,000 Indians in Nigeria (<0.2% of Population) 4

5 Indias ICT Sector 1: Telecom Current Status: 850 Mn+ Phones: Worlds 2 nd Largest Network Worlds Fastest Growing Subscriber Base Worlds Lowest Call Tariffs Regulated Competition among 15 Operators National Telecom Policy 2011: Broadband on Demand by 2015, 175 M by 2017 Raising Rural Teledensity to 60% by 2017 Drive to Indigenise Telecom Equipment Consolidation among Telcom Operators

6 Indias ICT Sector 2: IT Current Status: Total Revenue $96.1 Bn, 19% Growth Y/Y 6.1% of Indian GDP, 2.5 mn IT Workers Outsourcing: India is Global No. 1 Market Diversification, Innovation Needed National IT Policy 2011: $300 Bn Revenue, $200 Bn Exports by Mn Additional Skilled IT Manpower Expansion and Branded Products

7 Nigeria-India ICT Ties From Multi-links to Airtel: Lowering Thresholds Wide Presence of Indian Telecom Experts Training IT Personnel in Nigeria: NIIT & ApTech Indian IT in Banking, Telecom, Fin. Services NASSCOM Delegation Visits in 2009 & 2011 Partnering & Mentoring Nigerian IT Stakeholders Role of ITEC Training Pan African e-Network Soon in Nigeria: Indian Handsets Vendors!

8 India & Nigeria: Twinning of KBEs Bringing Indian Telecom Model to Nigeria ICT Tipping Points: Numbers, Wages & English Triggering an ICT Revolution in Nigeria Scaling-Up, Fostering and Sustaining ICT e-Governance as Driver for Transformation ICT Sector as Job Provider & Branding Tool India as Peer & Partner for Nigerian ICT! Comments and Suggestions are Welcome: Thank you!


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