Karnataka records 11.3 billion dollar software exports in 2006-07

By Staff
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Google Oneindia News

Bangalore, May 21 (UNI) Maintaining its pre-eminent position, Karnataka notched up a 33 per cent growth in its software exports in the fiscal 2007, touching 11.3 billion US dollars.

Last year the exports were to the tune of 8.5 billion Dollars.

Giving the details at the launch of Bangalore IT.in 2007, to be held here from October 29 to November two, Software Technology Park of India (STPI)-Bangalore Director J Parthasarathy said hardware exports from the state was at Rs 2,950 crore.

The state had attracted an investment of Rs 3,000 crore during the year, with a little less than half of it coming from major expansion programmes of 1,900 existing companies.

Significantly, nine of the new MNC entrants out of the total new companies of 162, were one billion dollar companies. Another important achievement had been seven Japanese companies setting shop, Mr Parthasarathy said.

The country's total software exports last year was Rs 1,30,000 crore as against Rs 1,09,000 crore the previous year.

While the bulk of Rs 48,700 crore exports came from Bangalore, Tier two cities contributed over Rs 1,000 crore in exports, he added.

Mysore which started late when compared to Mangalore became the second major destination with software exports crossing Rs 760 crore, up by 94 per cent, overtaking Mangalore which finished last year with an export of Rs 681.45 crore (last year Rs 570 crore).

Hubli lagged a poor third among the tier two cities with an export figure of Rs 8.5 crore.

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