IT export from Kerala records a boom; revenue up by 30% in 15 months

Thiruvananthapuram, Aug 2 (KNN) Kerala has been successful in registering a 30 per cent growth in revenue from the IT exports in the last fifteen months. The growth in the export revenue is a direct result of the development of additional IT space in Technopark, Infopark and Cyberpark.

“Infopark in Kochi has alone registered an export revenue of Rs 8,200 crore in the last 15 months from Rs 6,310 crore in 2020-21. There is a corresponding growth registered at Technopark and Cyberpark as well. So, as a whole, a 30 per cent pan-Kerala growth in export revenue has been reported,” John M Thomas, CEO, Kerala IT Parks said.

According to the data of the past four years, Technopark is still on top in IT export revenue generation.  Technopark increased its revenue from Rs 7,890 crore in 2019-20 to `8,501 crore in 2020-21. In 2018-19 fiscal, Rs 7,000 crore of export revenue was recorded.

Similarly, Kochi’s Infopark registered a revenue of Rs 6,310 crore in 2020-21, while Rs 5,200 crore was recorded in 2019-20 fiscal.In 2018-19, the figure was Rs 4.500 crore. 

In case of Cyberpark a total of Rs 26.16 crore in revenue was registered in 2020-21 fiscal while Rs 14.76 crore was recorded in 2019-20. In 2018-19, it generated Rs 8.11 crore in export revenue.

The significant rise in the software exports in recent times demonstrates the IT industry’s strength and resilience during difficult times. Government’s support for the IT sector during the pandemic played an important role in helping smaller businesses sustain.

With the work of large ongoing infrastructure development projects, IT parks expect a higher export growth in the coming years, both by enabling organic growth of existing firms and by attracting new global corporations, Thomas said.

The Kerala chief minister had recently announced that the IT parks in the state will get a huge additional space.This in return will help generate vast employment  opportunities in the next five years. (KNN Bureau)