State IT exports log Rs 36k cr in first half

Three-day BloreIT.biz kicks off on October 28


Briefing reporters, she said, IT exports from Karnataka, which had seen significant drop last fiscal registering only five per cent growth, are expected to log in a robust 10-11 per cent growth during fiscal 2010-11.

Indicative of this, she said, in the first half of current fiscal, IT exports have already registered Rs 36,000 crore as against Rs 24,000 crore clocked in the same period of previous fiscal, a growth of 33 per cent.

Further, she said, during first half of current fiscal nearly 36 new units have received clearance for setting up shop in the State. Incidentally, total software exports from Karnataka during 2009-10 was Rs 76,000 crore accounting for nearly 30 per cent of all-India share.

Also, Rajalakshmi said, in keeping with the uptrend, the sector, which is seeing companies report robust results was witnessing lot of hiring indicating the sector was doing well and has come out of recessionary cycle. Meanwhile, IT, BT & Science & Technology Principal Secretary Ashok Kumar Manoli told reporters that State’s flagship ICT event Bangalore IT.biz would be inaugurated by Union Finance Minister Pranab Mukherjee here on October 28.

The three-day event aimed at platform building and identifying emerging opportunities and comprise multi-track conferences, international exhibition, he said would see over 125 expert speakers attending the event including Sam Pitroda, advisor to Prime Minister on Public Information and RBI Deputy Governor Usha Thorat among others.

The event being held at The Lalit Ashok on the theme of Billion Strong: Empowered by ICT will see participation of 1,000 delegates, 125 exhibitors, six countries, 12 states representing over 750 organisations. A major 25-member delegation from Israel led by israel’s High Tech Industry Association Aaron Mankovski will be participating besides Chile.

At the STPI stall, an exclusive cluster of 50 small and medium IT companies from Tier II and Tier III cities is being created.

Incidently, the government will be announcing its new IT policy in Bangalore IT.biz.

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