55% growth rate in Software exports from Kerala

Smart City Kochi Related News dated 6th June 2007

For the first time Kerala's software exports have logged a staggering 55% growth rate. This is against the national average of 33%.

One reason for the growth is the relatively low base of software volumes. But then, the IT majors parked in the state also happen to be in a collective consolidation mood. Till recently, there had not been much contribution from big-billed IT players in Kerala.

In the last fiscal, software exports from the state crossed Rs 700 crore revenue, K R Jyothilal, (special secretary (IT), Kerala) told FE. In the previous year this was only Rs 452 crore.
It was the anchor clientele firms of Technopark in Kerala who pushed the bulk of the software exports. US Technologies, IBS, SunTec and NeST are the leaders in the sudden export rally. There is also sceptism that some of their software export volumes are underreported.
The recent developments in the current fiscal are expected to push the export growth substantially, according to Jyothilal.
"With Technocity in Thiruvananthapuram, SmartCity in Kochi and smaller IT infrastructure parks in other districts, Kerala is making a serious pitch to be an IT destination of tomorrow," he said.
Six companies - Infosys,TCS, Tata Elexis, NeST, US Technology and IBS - are going about setting up independent campus within Technopark. Besides acquiring 100 acres of land, work is on to expand facilites in Technopark.
Three companies - Wipro, IBS and TCS - are setting up campus facilities in Infopark in Kochi. According to IT officials, the state government has decided to add a facility with 4 lakh sq ft to Infopark.
Besides, technology infrastructure players like L&T, Sobha Developers, Leela Group and Muthoot Group have undertaken IT space projects in the state. Not to be left behind, Cochin International Airport Ltd (CIAL), fuelled by NRI equity, too is now smitten by the IT park bug. The profit-flush aviation company is readying to set up a Rs 600-crore IT park.

Via Financial Express