Mysore registers 94 pc growth in software exports

Mysore, June 3: Making rapid strides in IT sector, the heritage city of Mysore has marked a growth of 94 per cent in software exports to reach Rs 760 crore during the last fiscal.

The exports from Mysore stood second in the state ahead of Mangalore with 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 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.

Forecasting a bright future for Mysore in the software sector, the state government had cleared a proposal 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 USD 52 million.

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.

UNI