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IT exports from Odisha up 23% in 2013-14

Source : BUSINESS_STANDARD
Last Updated: Fri, Jun 06, 2014 22:23 hrs
​IT Company

Software exports from Odisha has touched about Rs 2,400 crore in 2013-14, an increase of 23.4 per cent over the previous fiscal, according to the provisional data compiled by Software Technology Parks of India (STPI).

IT units in the state had exported Rs 1,945 crore in 2012-13, including Rs 1,705 crore by the STPI registered units.

The IT exports in FY14 include Rs 2,000 crore by the STPI registered units and the balance Rs 400 crore by Tata Consultancy Services (TCS), India's largest IT firm by revenues, operating at the Special Economic Zone (SEZ).


Infosys continued to lead the pack among the IT firms, exporting about Rs 1,550 crore in the last fiscal followed by TCS. Tech Mahindra, the IT arm of Mahindra and Mahindra Ltd (M&M) stood third with exports worth Rs 140 crore.

"With TCS, Infosys and Tech Mahindra on the expansion mode, we are expecting a similar growth rate in this fiscal also. Mid-sized IT firm MindTree is also likely to commence operations in 2014-15," said an STPI official.

Infosys, India's second largest IT services company, will operationalise its second campus in Odisha by June-end this year at the upcoming Infovalley complex, on the outskirts of Bhubaneswar. Infosys is the anchor tenant for the Infovalley project.

The company will start operations at its second development centre with an initial headcount of 1,000. The IT behemoth has been allotted about 50 acres of land in the Infovalley complex, which is being developed by Odisha Industrial Infrastructure Development Corporation (Idco), the state's nodal agency for land acquisition and industrial infrastructure development. The Infovalley is spread over 500 acres of land. Similarly, Tech Mahindra (formerly Mahindra Satyam) is expanding its city campus which is likely to add 800 employees, officials said.

Among the SMEs, Exilant Technologies has exported Rs 75 crore while city headquartered MindFire Solutions and Enterprise System Solutions Pvt Ltd (ESSPL) have exported Rs 74 crore and Rs 20 crore respectively. The state government has framed a new ICT (information and communication technology) policy-2014, envisaging a gross ICT turnover (including exports of software and IT services, electronic system design & manufacturing, domestic consumption and training) of $4 billion (about Rs 24,000 crore) by 2020.

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