Telangana IT exports grow by 9.32%

Hyderabad, June 1 (IANS) Telangana achieved IT/ITES exports of Rs 93,442 crore in 2017-18, clocking a growth rate of 9.32 per cent over the previous fiscal, the government announced on Friday.

Information Technology Minister K.T. Rama Rao told the media that the growth in IT and IT Enabled Services (ITES) exports was higher than the national average of 7-9 per cent.

Telangana's IT sector, 98-99 per cent of which is located here, provided employment to an additional 43,417 professionals, taking the total workforce to 475,308.

The minister released the annual report of IT, Electronics and Communications Department on the eve of the fourth Formation Day celebrations of Telangana.

Rao said Telangana was on track to achieve IT exports of Rs 120,000 crore by 2020.