i-flex wins award for excellence in export

BANGALORE: The financial software solution company, i-flex solutions, has

been ranked among the top two companies in the All India Award for Excellence in

Exports in the non-SSI computer software and services category, 1999-2000. It

had also received the Sectoral Award as a non-SSI computer software and services

company for the year 1998-99, by the Electronics and Computer Software Export

Promotion Council (ESC).

Both awards are part of the ESC’s recognition program for outstanding

Indian companies. ESC is an autonomous organization under the ministry of

Information Technology, government of India. The company's CEO for Indian

operations, Deepak Ghaisas, said, "The ESC awards recognize our commitment

to build a truly global company by establishing the product building and

marketing capabilities of Indian software companies."

The selection criterion for the Sectoral Award-non-SSI computer and software

services, is a minimum export value of Rs 25 crore and a minimum average growth

rate of 40 per cent over the last three years. The award for excellence in non-SSI

computer software and services category is given to exporters who fulfill any

one of the following conditions --consistent growth rates in the preceding three

years, development of new markets or establishing an Indian brand in foreign

markets. i-flex met all the three criteria for the award.

The ESC awards closely follow i-flex’s recent Award for Excellence in

Electronics 1999-2000 in the computer software category given by the ministry of

Information Technology. The Export Awards have been instituted by the ESC

primarily to encourage outstanding companies who have taken initiatives in

developing export of products and services in the electronics and computer

software sector.