Karnataka IT exports touch USD 4 billion in
Wednesday June 2 2004 00:00 IST PTI
BANGALORE: Karnataka's software and BPO exports
touched Rs 18,100 crore (four billion us dollar) for 2003-04, a three-year high
and a 46 per cent jump over Rs 12,350 crore recorded for the previous fiscal.
The state's hardware exports stood at Rs 1,700
crore last fiscal, J Parthasarathy, additional director, Software Technology
Parks of India (STPI), told reporters here on Tuesday.
A total of 168 new firms were added last year
with an investment of Rs 2,400 crores, including 110 foreign firms which
invested Rs 1,970 crores in Bangalore. Forty four new BPO firms were set up
during the period.
"The state has a 36 per cent share in India's
software exports which is much higher than any other centre. We are expecting to
keep the momentum of above 30 per cent growth this fiscal," STPI director B V
Bangalore registered the bulk of exports at Rs
17,474 crore while Mangalore with Rs 456 crore and Mysore with Rs 180 crore were
the other cities exporting software. BPO exports were Rs 2,237 crore, a jump of
126 per cent over the previous fiscal.
Enterprise application software had a 49 per
cent share in the exports, while exports from technology firms was 25 per cent
with the remaining 26 per cent by BPO firms.
"Venture capital firms which are investing in
American and UK BPO and technology companies are insisting on having a base in
Bangalore," Naidu said.