Telangana IT/ITES exports grow 17% at Rs 1.09 lakh Cr in FY19
- PTI
- April 30, 2019
Hyderabad: Telangana registered about 17 per cent growth in IT and IT Enabled Services (ITES) exports to over Rs 1.09 lakh crore in the last fiscal.
In 2017-18, IT/ITES exports stood at Rs 93,442 crore and added over 68,000 IT professionals in the state. In 2018-19, the figure touched Rs 1,09,219 crore,an official release said.
"The then IT Minister K T Rama Rao had set an ambitious target before the department that we have to double our IT exports in the next five years.
I am delighted that we have been able to make that challenge a reality," Telangana Principal Secretary IT and Industries Jayesh Ranjan told PTI.
One appreciable part of our growth story is that the existing companies are expanding heavily. This is a strong endorsement of the value proposition they get in Hyderabad and Telangana," he added.
"Delighted with 2018-19 Hyderabad IT sector performance; IT exports have grown by a whopping 17% to Rs 1,09,219 crore and employment has grown by 14.2% to reach 5,43,033," former IT Minister and ruling TRS working president K T Rama Rao tweeted.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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