Despite the pandemic, the IT sector in Telangana has recorded double digit growth There has been significant growth of IT exports and a sustained addition of employment in this sector during last fiscal, All about Karthik Aaryan's 'love aajkal' Pashmina Roshan, Pics: Shehnaaz has the most infectious smile, Top eyewear looks of Samantha Ruth Prabhu, New daddy Ranbir Kapoor's best hairstyles, What your favourite alcoholic drink says about your personality, Most awe inspiring train journeys in the world, Inside photos from Alia Bhatt and Ranbir Kapoors Bandra home called Vastu, Terms of Use and Grievance Redressal Policy. Software and services exports from Telangana were up by nearly 14 per cent to Rs 85,470 crore in FY17 from Rs 75,070 crore in FY 16, Minister for IT and Industries K T Rama Rao said. Printer Friendly. LTD. All rights reserved. He pointed out that currently around 5 per cent of the IT workforce in large companies, 30 to 60 per cent in mid-size companies and 60-70 per cent in small IT companies are back to their offices in the city. As of April first week, many employees are still working from a location that is different from their office place. have exported IT services worth Rs 45,000 crore in the first half of the current financial year clocking a growth of 13% as against the year ago period. Releasing the annual reports of the Industries and IT departments here, the Minister, pointing out that IT exports were a mere Rs 57,000 crore at the time of State formation in 2014, said: Since the formation of Telangana, we have been able to achieve a Compound Average Growth Rate (CAGR) of 14.25 per cent, up from Rs 57,000 crore in 2014 to Rs 1.45 lakh crore now.. He mentioned that whereas India's IT exports, including those of Telangana, climbed by 17.2 percent, the state's grew by 26.14 percent. : IT exports from Telangana has grown by 17.93 per cent in the last financial year at Rs 1.28 lakh crore even as the sector created about 40,000 new jobs. "Despite the Covid-19 pandemic, Telangana once again proved its mettle by boasting a growth of 12.98% in the IT/ITeS Exports over the previous year recording a total of Rs 1,45,522 crore in IT/ITeS exports. A survey by HYSEA a few months ago had said the number of employees working from office by March could be 70-80% in the best case scenario and 40-50% worst case scenario. Insights from Business Leaders. The share of Telangana`s IT exports from India went up from 10.61 per cent to 11.58 per cent. It is not merely the IT sector where Telangana has been making rapid strides. Telangana accounts for 2.19 per cent share in India's export and boasts of a diversified export profile. KTR released Telangana IT progress report on Wednesday, on the eve of the state's formation day on Thursday. Friends in the Software Technology Parks of India (STPI), Special Economic Zones (SEZ) and industry body Nasscom tell me that the eight per cent growth in IT employment in Telangana for 2020-21 is significantly higher than the national average, which is just about two per cent as per STPI numbers, the Minister said. Hyderabad is recognized as the leading IT hub globally. He said the Gross State Domestic Product (GSDP) of Telangana in 2020-21 was Rs 9.78 lakh crore. The IT exports from Telangana stood at Rs 1.28 lakh crore in FY20. Hyderabad: Continuing its stride in the Information technology (IT) sector, Telangana witnessed a growth of 26.14% in the IT/ITeS exports in 2021-22 over the previous year, recording a total of Rs 1,83,569 crore in IT/ITeS exports (the same for 2020-21 stood at Rs 1,45,522 crore). These are STPI numbers. Watch | Why are climate activists throwing food at famous paintings? Minister lays stone for second phase of IT hub at Khammam Information Technology (IT) exports from Telangana have witnessed enormous growth and reached 1.40 lakh crore in 2021 as against 56,000. Telangana, from last April to this March, has grown at a rate that is at least twice or even more of the national growth rate in the segment. Growth in IT exports also doubled in the last six years from. Industry body Hyderabad Software Enterprises Association (HYSEA) president Bharani K Aroll said the growth in exports in 2021-22 could be in the 15 per cent range and add about Rs 20,000 crore to the previous years IT export figures. The exports stood at Rs 1,28,807 crore in FY '20 against Rs 1,09,219 crore in the FY '19. KTR was reacting to reports that IT from Telangana is expected to grow over 7 per cent in 2020-21. It set a target to increase the total direct employment in the IT sector to 10 lakh and double the annual IT exports to Rs three lakh crore by 2026. 29,227,870 articles and books. The State has 53 IT SEZs. The rate of growth is usually higher in the last two quarters, STPI Hyderabad director C.V.D Ramprasad said, pointing to how the exports of the firms for the full fiscal was expected to be better. Watch |Business Matters |What needs to change in Indias e-waste policy? The first Information, Communication and Technology (ICT) Policy (2016-21) has set a target of doubling its exports in five years. STPI is a science and technology organisation under the Ministry of Electronics and Information Technology (MeitY). The increase in exports will have a bearing on employment in the IT sector as well. The sector has 5,82,126 employees as of March 31 against 5,43,033 personnel at the end of 2018-19, the release said. Hyderabad, Feb 28 : With the information technology exports from Telangana likely to grow at seven per cent to cross Rs 1.40 lakh crore during 2020-21, the state's IT minister K.T. In fact, Telangana is gunning for doubling its. Hyderabad: The Telangana government on Thursday unveiled its information technology policy 2021-26, aimed at doubling the IT exports to over Rs 3 lakh crore in the next five years. During 2020-21, IT exports from the state stood at Rs 1,45,522 crore. On the impact of the Omicron variant on the return to office plans of IT companies, Aroll said that it is too early to say anything as much information is not available about the variant. The sector has 5,82,126 employees as of March 31 against 5,43,033 personnel at the end of 2018-19, the . . Click to follow Telangana Today Facebook page and Twitter . The state is also successfully diversifying its export basket, with rapid growth in the sectors such as plastic and paper products. The IT exports from #Telangana for the financial year 2021-22 ended March are likely to be around Rs 1,67,350 crore. According to the Socio Economic Outlook - 2022, exports from Telangana to the US was 26 per cent followed by China at 6.78 per cent and 4.01 per cent to Russia. The Telangana movement was instrumental in the creation of the new state, and Telangana Rashtra Samithi, a party which led the Telangana movement after 2001, forms the government in the Telangana Legislative Assembly . However, the pandemic led to a sharp dip in growth hitting spends on technology. The Telangana government on Thursday unveiled its information technology policy 2021-26, aimed at doubling the IT exports to over Rs 3 lakh crore in the next five years. Growth in IT/ITeS Exports (2019-20) ALL INDIA 8.09% TELANGANA 17.93% (YoY) to reach Rs.1,28,807 Cr from Rs.1,09,219 Cr from the previous year. Now you can get handpicked stories from Telangana Today onTelegram everyday. Telangana is most likely to grow twice the national average, he said. We expect the IT exports from Telangana to grow around 14 to 15 per cent for the year 2021-22, said CVD Ramprasad, Director, Software Technologies Parks of India (STPI) Hyderabad. In fiscal 2019-20, IT exports from Telangana stood at Rs 1.28 lakh crore, which was a growth of 18% over the previous financial year. According to Meity, the IT sector revenues for 2020-21 were estimated to be $ 195 billion (over Rs 14 lakh crore) including $ 150 billion (over 11 lakh crore) export revenues and $ 45 billion (over Rs 3.3 lakh crore) domestic revenues. According to Nasscom, the national growth rate during the same period is estimated to be just 1.9 per cent. At the same time, Telangana's software exports rose by 26 per cent over the previous year. If we take three quarters till December which we can talk about now, exports from Telangana have grown already by 5-6%. One of the top three IT and ITeS exporters, the State aspires for more growth in . IT Exports: The exports stood at Rs 1,28,807 crore in FY '20 against Rs 1,09,219 crore in the FY '19. by "Pakistan & Gulf Economist"; Business, international Exports. Key news developments from Telangana on Novemeber 4, 2022. . Keyword Title Author Topic. The State achieved this growth despite [] The State has admirably succeeded in achieving it. The exports of IT and bulk drugs from the State helped it gain the fifth place in the list. Delhi 31. c. Mumbai 30. c. Kolkata 31. c. Bangalore 21. c. Chennai 28. c. Telangana scored a stunner in IT exports by crossing a landmark of Rs 1,28,807 crore in 2019-20, a 17.03 per cent increase from 2018-19 when the exports stood at Rs 1,09,219 crore. KTR recalled that in 2013-14, the IT exports from then undivided Andhra Pradesh were only Rs.57,258 crore. The Department monitors exports from the State and gives information on the trade enquiries to the prospective entrepreneurs. The sector then created 40,000 new jobs to take the total number of direct employment to 5.82 lakh. [4] Telangana's nominal gross state domestic product for the year 2020-21 stands at 12.05 lakh crore (US$170 billion). The IT industry across the country added 1.38 lakh people to its workforce on a net basis during the current fiscal, taking the total number of employees to 44.7 lakh, according to Nasscom. STPI is an autonomous society under the Ministry of Electronics and Information Technology. Periodicals Literature. The States unique single-window industrial policy, TS-iPASS, which has won accolades from various sections, facilitated cumulative investment inflows of over Rs 2.14 lakh crore, creating 15.6 lakh jobs. In 2020-21, TSIIC, the nodal body for industries, developed ten new industrial parks and allotted 810 acre to 453 industries with an expected investment of Rs 6,023 crore and potential employment for 7,623, the Minister said. Telanganas IT industry last financial year (2019-20) saw 40,000 net additions to the workforce. Click the link to subscribe. Click the link to subscribe. Avatar: The Way of Water new trailer: A gobsmacking return to Pandora, Tesla closes its first showroom in China in retail strategy shift, Should you be feeding stray dogs in public places? "Telangana has created employment opportunities to 35,611 people in the IT sector in the previous fiscal with the total number of IT professionals in the state increasing . IT exports from Telangana sees 9.3% growth June 01, 2018 Moneycontrol Economic , Moneycontrol Economy News Exports in information technology (IT) and information technology-enabled services (ITES) from Telangana have grown by 9.3 percent and touc. In the IT segment, every new job created will create a demand for 100 sqft office space. It was Rs 1.28 lakh crore in FY20. Hyderabad: The IT exports from Telangana for the financial year 2021-22 ended March are likely to be around Rs 1,67,350 crore. Telangana. LTD. All rights reserved. Telangana grows 27 important crops in Kharif and Rabi seasons put together covering an area of about 53.51 lakh ha. Our State Industrial policy TS i-PASS is rated amongst the best in the country.
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