K'taka: IT exports cross Rs 50,000 cr mark

Bangalore, Aug 7: IT Software and Hardware exports from Karnataka crossed the Rs.50,000 crore mark in 2006-07 to touch Rs 51,650 crore.

In 2005-06 SW and HW exports from the state worked out to Rs 40,281 crore.

According to final figures relesed by the Software Technology Parks of India Software exports grew by 30 per cent to touch Rs 48,700 crore in 2006-07 as against Rs 37,600 crore in the previous fiscal, while Hardware exports grew by ten per cent to earn Rs 2950 crore as against Rs 2481 crore acheived in 2005-06.

As on March 31, the total number of STP units approved in the State stood at 1883, registering a ten per cent over the previous year's cumulative mark of 1721 units. During last year as many as 11 new Electronic and hardware technology parks were approved taking the total number of approvals to 62.

The state had also witnessed a seven per cent increase in investment proposals received at Rs 3,050 crore last year as against Rs 2850 crore worth proposals received in 2005-06, according to sources in the Karnataka IT department.

UNI