Press Releases: STPI posts 46.97% export growth

NEW DELHI: Beating the slowdown bug, Software Technology Park of India (STPI) has posted a 46.97 per cent growth in software exports at Rs 29,470.08 crore during 2001-02.

Last fiscal, STPI had posted Rs 20,051 crore which was an increase of 73 per cent over 1999-2000 fiscal.

Even as sequentially, from 73 per cent, growth had come down to about 47 per cent, this was a respectable growth rate at Rs 29,470 crore in the present recesionary times, offical sources said.

This was even better than the modest 30 per cent software exports growth rate earlier perceived by the IT department, they added.

Bangalore Software Technology Park retains the number one position with exports worth Rs 9,622 crore while Noida STP was second with Rs 5,815.7 crore of export.

Chennai STP had an export turnover of Rs 4,966 crore while Hyderabad STP notched number four slot with Rs 2,805 crore of exports, sources said.

The Software Technology Park of Navi Mumbai exported Rs 2,572 crore worth of software and Pune STP's export turnover was Rs 2,000 crore.

Among the other STPs across the country, Managlore STP exported software worth Rs 236 crore while Bhubaneswar STP recorded Rs 213 crore of exports.

Kolkata STP's export was worth Rs 604 crore.

Earlier this month, Nasscom announced the industry figures where India's software and services exports showed a 29 per cent during 2001-02 at Rs 36,500 crore.

Nasscom has forecast that the same is expected to grow at 30 per cent to touch Rs 47,500 crore this year.

The growth of 29 per cent in rupee terms, is one percentage point lower than the earlier projected growth rate of 30 per cent by the association.

In dollar terms, the growth during 2001-02 was 23 per cent, while for the current fiscal Nasscom has projected a growth rate of 23.5 per cent.

While the IT services grew at a rate of 22 per cent to touch Rs 29,400 crore, the IT enabled services grew at an astounding 71 per cent to reach Rs 7,100 crore.

But in terms of composition, IT services outplaced IT enabled services by contributing 81 per cent while IT enabled accounted for 19 per cent of the total exports turnover.

At present, total number of exporting units under 35 STPs across the country is 3,429 as of March 31, 2002.