K'taka: Software exports reach Rs 19,500 cr mark

Bangalore: The software exports from Karnataka has reached the Rs 19,500-crore mark in the first six months of this fiscal as against Rs 16,000 crore in the corresponding period last fiscal.

Ninety per cent of the exports were from Bangalore, J Parthasasarthy, Director, Software Technology Parks of India, (STPI) Bangalore said during the sidelines of announcing the BangaloreIT.event to be held in the city from October 29.

Seventy new companies had come up in the state in the last six months, out of which 32 were foreign companies with 100 per cent equity and 38 companies domestic firms, some of which were trying to expand their units.

Those setting up companies were mainly from verticals like enterprise, telecom and animation.

The state saw an addition of 30,000 techies in the last six months, taking the total figure to 4.30 lakh. The numbers were expected to reach 4.75 lakh in the next six months.

There were plans to set up incubation centres in Mysore and Gulbarga. Bandwidth charges had been brought down by 40 per cent in STPI to ease the impact of the rupee on SMEs, he said.

OneIndia News>