Telangana's IT exports touched Rs.1.28 lakh cr in FY 2020
By MYBRANDBOOK
IT exports from Telangana has grown by 17.93% in the last financial year at Rs 1.28 lakh crore and this sector has created about 40,000 new jobs.
Despite the onset of the Covid-19 during the last quarter of the financial year 2019-2020, the export growth of the state managed to record a phenomenal 17.93% growth for the full financial year. This is more than double that of the national growth, an official press release quoted IT Minister KT Rama Rao as saying.
The exports stood at Rs 1,28,807 crore in FY ‘20 against Rs 1,09,219 crore in the FY ‘19. 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. Chief minister K Chandrasekhar Rao said he was happy to see the share of Telangana’s exports going up from 10.6% to 11.6%.
This clearly indicates that Telangana is poised to be the preferred destination for IT investments in the future, he said. The chief minister directed the IT department to ensure that all measures and precautions be taken to ensure that the IT industry functions smoothly, keeping in view the Covid-19 pandemic, the release said.
During 2019-20, several marquee investments have taken place in Hyderabad, including the inauguration of Amazons worlds largest facility at three-million sq ft and Microns largest Research and Development centre globally.
Tech Mahindra and Cyient have chosen to open their centres in the tier-2 location of Warangal, it added.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
WIPRO LTD.
NETWEB TECHNOLOGIES INDIA LTD.
AMARA RAJA POWER SYSTEMS LTD.
POLYCAB INDIA PVT. LTD
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Puneet Chandok
Puneet Chandok is President, Microsoft India & South Asia and is respo...
Icons Of India : NATARAJAN CHANDRASEKARAN
Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the h...
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
PARTNER SPEAKERS
PSU
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
