Mysore scripts phenomenal growth in software exports

Mysore, Apr 1 (UNI) Cashing in on the information technology saturation in neighbouring Bangalore, the heritage city of Mysore, making rapid strides in the sector, is expected to cross the Rs 600 crore mark in software exports during 2006-2007.

IT sources told UNI that the final figures would be known only by the second week of April. In the first half of the fiscal, exports from Mysore had crossed Rs 210 crore as expected. The second quater was also equally good. The leading tier-II city had registered Rs 392 crore worth of exports last year.

The growth was scripted by big IT companies setting shop in the city, which had become the next IT hub of the State after Bangalore.

The city of palaces, housing 48 IT companies including eight new ones opened in the last one year, had steadily moved northwards in the software export graph year after year, the sources said.

Forecasting a bright future for Mysore in the software sector, the State Government had cleared a proposal by Target India, an US-based company, to set up shop in the city and allotted land for the purpose. A Fortune 500 retail giant, the Target Corporation, with an annual turnover of 52 million Dollars, would establish its software development centre here and was expected to commence operations during 2007-2008. This would make a significant difference to the IT industries in Mysore.

The city already housed the facilities of leading software firms such as Infosys and Wipro. India's leading software exporter Tata Consultancy Services was expected to launch operations here soon.

Sources in the Software Technology Park of India said 15 new software companies were expected to start operations in Mysore during the coming years, taking the strength of IT companies here to 63.

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