Karnataka’s software exports cross ₹4.11 lakh cr. during fiscal 2023-24
The Hindu
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India data.
With this, the State’s individual share in the country’s total software exports had further increased from last year’s 42%, he said.
IT exports from Beyond Bengaluru too have grown substantially in FY’24 with tier 2 and tier 3 cities contributing at least ₹10,000 crore, the Minister added.
IT services exports from STPI-registered units for the whole country crossed ₹9 lakh crore in the 2024 financial year.
Later, speaking at the closure of 27th edition of Bengaluru Tech Summit (BTS), the Minister said that the State’s GCC (global capability centres) policy, a first in the country, would trigger quantum growth in GCC ecosystem, bring in 500 additional GCCs, create over 3.5 lakh new jobs and contribute $50 billion to Karnataka’s economy by 2029.
The 2024 edition of the tech exposition witnessed the launch of Nipuna in collaborations with IBM, Intel, Microsoft, NVIDIA, BFSI Consortium and Accenture to drive skilling and workforce transformation.
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