Information technology export revenue from Karnataka is expected to touch Rs. 1.5 lakh crore in the financial year 2013–14, Minister for Information Technology and Biotechnology S.R. Patil has said. It was Rs. 1.36 lakh crore in 2012–13.

Speaking to presspersons after participating in a meeting with office-bearers and members of the Whitefield Export Promotion Park Industrial Association (WEPPIA) here on Thursday, Mr. Patil said it was planned to increase the IT export revenue to Rs. 4 lakh crore per year by 2020.

This figure was based on the recommendations of the information and communication technology (ICT) group led by T.V. Mohandas Pai, which the government had accepted, he said.

Tier II, III cities

The group had also favoured development of the IT sector in tier II and III cities. The government was persuading IT companies to set up units in Mysore, Mangalore, Hubli-Dharwad, Shimoga, Belgaum and Gulburga. IT major Infosys had been given 50 acres of land in Hubli, the Minister added.

Investment region

Mr. Patil said the State and Union governments were also working on setting up an information technology investment region between the airport at Devanahalli and Doddaballapur.

The project would cover an area of 10,500 acres (40 sq km) and the Karnataka Industrial Areas Development Board had issued preliminary notification to acquire 2,072 acres. Once this was implemented, Bangalore would overtake Silicon Valley as an IT leader, he added.

WEPPIA president Maj. Gen. (retd.) Anju Manchanda spoke.