Hyderabad’s IT exports cross Rs.75,000 crore (Lead)
Hyderabad, June 15 (IANS) Hyderabad achieved IT exports of Rs 75,070 crore in 2015-16, a growth of 13.26 per cent over the previous year, the Telangana government announced on Wednesday.
IT Minister K. Tarakarama Rao told reporters that Hyderabad’s growth in IT and IT Enabled Services (ITES) exports was higher than the national average of 12.3 per cent.
The city also created nearly 35,611 new jobs in the sector during the year, taking the total workforce to 407,385.
“Our pro-business policy, high quality infrastructure, cost-effectiveness, cosmopolitanism, presence of institutions like TASK and T-Hub along with an overall pro-active approach has made the state among the top IT destinations in the country,” he said releasing the annual report of the state IT, Electronics and Communications Department.
The growth in IT/ITES exports during 2014-15 was 15.7 percent with the minister noting the sector’s growth came down across the globe. “We are still above the national average and on course to double the exports to Rs.1.20 lakh crore and jobs to one million in three years,” he said.
