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IT exports from TS zoom 13% in FY21

IT exports from TS zoom 13% in FY21
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IT exports from TS zoom 13% in FY21

Highlights

Jump to `1.45 lakh cr from `1.28 lakh cr in FY20

Hyderabad: The ongoing Covid-19 pandemic notwithstanding, Telangana registered a healthy 13 per cent upswing in IT and ITeS exports at over Rs 1.45 lakh crore in the last financial year, according Minister for IT and Industries KT Rama Rao. The IT exports from Telangana stood at Rs 1.28 lakh crore in FY20.

Releasing the annual report on IT, Electronics and Communications Department for FY21, the IT Minister said Telangana added 46,489 new jobs in FY21, taking the total IT/ ITES employment to 6,28,615, year-on-year increase of 7.99 per cent.

"Despite the Covid-19 pandemic, Telangana once again proved its mettle by boasting a growth of 12.98 per cent in the IT/ITeS Exports over the previous year recording a total of Rs 1,45,522 crore in IT/ITeS Exports. Telangana has seen more than double the estimated average national growth rate during this period and the employment in the IT/ITeS sector has increased by 7.99 per cent," he said in the report.

He noted that Telangana attracted several marquee companies such as Amazon Web Services, Goldman Sachs, and MassMutual last year.

According to the report, Amazon Data Services is setting up three Data Centres in Fab City, Pharma City and Chandanvelly in Telangana with an investment of Rs 20,761 crore.

Telangana has always been on the forefront of promoting the use and development of new-age technologies like AI, ML, Drones and Blockchain not only as business opportunities, but as torchbearers of innovation within the government, the Minister said.

The State has launched marquee projects such as Artificial Intelligence for Agricultural Innovation (AI4AI) and Medicine From The Sky (MFTS) along with our partners at the World Economic Forum and NITI Aayog, he added.

The government has come up with Growth in Dispersion (GRID) policy with a view to promote dispersed IT growth across Hyderabad. The government IT services also increased with apps like TAppFolio, T-wallet and through Meeseva centres in the State, Minister said.

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