IT exports reaches a new high

Jobs in registered units go beyond 35,000

The Information Technology in the State resisted software exports worth Rs. 18,582 crore during the last financial year marking an increase of 48 percent over the previous year's Rs. 12,521 crore. More than 170 companies including 32 with foreign equity started operations in the State during the year with an estimated Rs. 1900 crore investment. The employment in the registered units gone up by more than 35,000 from 1.51 lakh to 1.87 lakh during the year.

Speaking a press conference on Tuesday, Software Technology Parks of India (Hyderabad) director E Manoj Kumar said that the State stood forth in the county contributing 14 percent in the national software exports of 1.34 lakh crore. He said that it is expected to grow by forty percent during the current year and cross Rs. 25,000 crore mark.

Out of the total units, five companies contributed exports of over Rs.1,000 crore, three companies between Rs. 500 crore to Rs. 1000 crore and 24 firms Rs. 100 crore to Rs. 500 crore. Unites States continued to be the major destination with 66 percent share of exports while exports to Europe and Asia Pacific countries also showed an increase, he added.

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