IT Exports from Mysore zoom by 94 p c

Mysore, June 3 (UNI) The Heritage City of Mysore, making rapid strides in the information and technology sector, the software exports has grown up by 94 percent to reach Rs 760 crore during the last fiscal.

The exports from Mysore went up to Rs 760 crore from Rs 392 crore the previous period, stood second place in the state, ahead of Mangalore, as its exports had grown by 21 per cent to Rs 681 crore.

Ever since IT firms began operations in Mysore, in the late nineties, the city was trailing behind Mangalore and now over taken.

The Software Technology Park of India (STPI) sources told UNI that the growth was scripted by big IT companies setting up 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 robust growth of the IT sector in the city to major contributions from Infosys, Larsen and Toubro, besides Software Paradigms India and others.

Forecasting a bright future for Mysore in the software sector, the state government had cleared a proposals by Target India, an US-based copmany, to set up shop in the city and allotted land. It would establish operations with an investment of 52 million dollars.

This would make a significant difference to the it industrires in Mysore.

The city already housed the facilities of leading sofware firms and India's leading software exporter Tata consultancy services was expected to launch operations here soon. The STPI said that 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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