Telangana IT exports up by 19 per cent at Rs 1.29 lakh crore

Regardless of Covid-19 pandemic adversely impacting the IT business within the fourth quarter of 2019-20, Telangana has registered data know-how (IT) and IT-enabled providers exports of Rs 1,28,807 crore as towards Rs 1,09,219 crore, exhibiting a development of 17.93 per cent.

The IT exports from Telangana represent 11.58 per cent within the lover all IT exports of Rs 11,12,496 crore from the nation.

The State created over 39,000 jobs in 2019-20. The full variety of IT staff within the State went as much as 5.82 lakh as towards 5.43 lakh within the earlier 12 months.

The expansion fee of IT exports from Telangana far exceeds the general nationwide development fee of eight per cent.

“This clearly signifies that Telangana is poised to be the popular vacation spot for IT investments sooner or later,” Telangana Chief Minister Okay Chandrashekar has stated.

He requested the IT Ministry to take measures to make sure clean functioning of the IT business within the backdrop of Covid-19 pandemic.

Presenting the numbers to the Chief Minister, Telangana IT Minister Okay T Rama Rao has stated that the IT business within the State may clock the double the nationwide’s development fee, regardless of Covid-19 hitting the IT business very onerous within the fourth quarter.

IT for Telangana

Jayesh Ranjan, Secretary (IT and Industries), stated that the IT industries and staff raised about Rs 70 crore by IT4TS (Info know-how business for Telangana) for taking on Covid-19 reduction works.

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