IT exports from STPI units in Telangana grew 13% in H1: official

IT services and solutions exports of units registered with the Software Technology Parks of India (STPI) in Telangana grew 13% to around ₹45,000 crore in the first half of the current fiscal.

The rate of growth is usually higher in the last two quarters, STPI Hyderabad director C.V.D Ramprasad said, pointing to how the exports of the firms for the full fiscal was expected to be better.

The senior official, who was addressing the curtain raiser press meet for the 29th Annual Innovation Summit and Awards of HYSEA, said this highlighting the accelerated pace of IT export growth from Telangana and employment opportunities the sector was creating. The exports were growing at a rate higher than the national average, he said.

“These are STPI numbers. If you add SEZ [units] IT exports from Telangana will be twice as much,” HYSEA president Bharani K.Aroll added. The IT and ITeS exports from Telangana -- by STPI and non-STPI firms - totalled ₹1,45,522 crore in 2020-21, an increase of 12.98% from ₹1.28 lakh crore of the previous fiscal.

Providing an update on the return of employees to IT offices, the HYSEA leader said while exact data on how many have stopped working from home is not available, it is estimated that 5% of the employees of large firms, 25-30% of mid-sized firms and as much as 60-70% have resumed working from office.

A survey by HYSEA a few months ago had said the number of employees working from office by March could be 70-80% in the best case scenario and 40-50% worst case scenario. On the growing concerns over Omicron, the new variant of Coronavirus, he said given the limited information it is early to speak on the likely impact it will have on the industry. But with coverage under the vaccination programme good, the return to office of the employees was unlikely to be impacted, he said.

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Printable version | May 24, 2022 8:40:22 pm |