Software exports from State pegged at Rs. 27,650 cr.
HYDERABAD: Software exports from the State have shown considerable growth in spite of economic meltdown in the first three quarters ending December 31, 2008 in the current financial year.
Giving details after presenting the annual awards of Hyderabad Software Exporters Association (HYSEA) here on Saturday, Jainder Singh, Secretary, ICT, Government of India, said that the software exports from the State were pegged at Rs. 27,650 crore up to third quarter against Rs. 26,000 crore in the whole of last fiscal.
IT sector contributed 52.09 per cent to the total exports from the State and five Software Technology Parks of India (STPI) sub-centres were opened at Visakhapatnam, Kakinada, Vijayawada, Warangal, and Tirupati. The promotion of the industry in tier-II cities yielded exports worth Rs. 500 crore, said Mr. Singh.
Out of the 50 IT SEZs (special economic zones) in the country, 36 had already been notified and they could create 100 million sq. ft of space for the industry, he disclosed.
The total IT business in India was projected to be at $60 billion out of which $47 billion would be exports alone. The Indian IT companies had opened 400 development centres in 200 cities across 55 countries, said Mr. Singh. The IT sector was set to grow only at 16-17 per cent, against 30 per cent last year.
IT Principal Secretary of the State Ajay Misra said that the State government would stand by the industry in the hour of recession. While 13 companies bagged the annual awards, including the newly-introduced product awards, the Commissionerate of Rural Development bagged an award under ‘Social impact’ category. HYSEA president M. Narasimha Rao said the State had made a phenomenal progress in the IT industry. Several software products were showcased at an expo .