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Tganas IT/ITeS exports register healthy growth of 16.89 %

PTI:  June 03, 2019

Hyderabad: Telangana's IT/ITeS exports registered a 16.89 per cent growth in 2018-19 in comparison to expected national average of around 8-10 per cent, officials said Saturday.

The IT E &C (IT, Electronics and Communications) department released its annual report (2018-19) for the fifth successive year as part of the state formation day celebrations, a release said.

The formation day would be celebrated on Sunday.

"Telangana IT/ITeS exports achieved a healthy 16.89 per cent (growth) during 2018-19 in comparison to expected national average of around 8-10 per cent," a release said.

Telangana IT sector generated direct employment to 5,43,033 people with 67,725 new professionals joining the workforce during the last year, it said.

Telangana is steadily marching ahead in achieving the target of doubling its IT/ITeS exports, according to Principal Secretary (IT) Jayesh Ranjan.

"I would like to share that the state is steadily going forward on the path we designed to achieve the target of doubling our IT/ITeS exports and has almost achieved the ambitious target set five years back," the release quoted him as saying.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.