SME Times is powered by   
Search News
Just in:   • SpiceJet re-introduces 'Zero Change fee' offer  • 'Good' progress made at nuclear talks but issues remain: Iran  • Fiscal package may be on cards to maintain economic recovery amid Covid 2.0  • Striking taxi drivers demands unreasonable: Goa tourism body  • Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing 
Last updated: 28 Feb, 2021  

Exports.9.Thmb.jpg T'gana's IT exports would've been higher: KTR

   Top Stories
» Fiscal package may be on cards to maintain economic recovery amid Covid 2.0
» FICCI writes to 25 CMs on Covid management
» Regulation of insolvent firms' shares still remains a dilemma
» ECLGS 2.0 now covers SMA-1 borrowers
» Forex reserves up by over $4 bn
SME Times News Bureau | 01 Mar, 2021
With the information technology exports from Telangana likely to grow at seven per cent to cross Rs 1.40 lakh crore during 2020-21, the state's IT minister K.T. Rama Rao on Sunday said the growth rate would have been much higher if the Centre had not scrapped the ITIR project.

The Minister said he was delighted that projected Telangana IT export numbers show terrific growth, at a much higher rate than national average

Rama Rao tweeted that had the NDA government not scrapped Information Technology and Investment Region (ITIR), much higher employment/growth would've been possible.

KTR, as the Minister is popularly known, said despite numerous personal requests to the Prime Minister and Union IT Minister, the ITIR has been scrapped for reasons unknown.

He said the Telangana government had submitted Detailed Project Report (DPRs) and IT Cluster details but unfortunately neither ITIR has been taken forward nor has there been an alternate progressive policy.

KTR was reacting to reports that IT from Telangana is expected to grow over 7 per cent in 2020-21. According to Nasscom, the national growth rate during the same period is estimated to be just 1.9 per cent.

KTR recalled that in 2013-14, the IT exports from then undivided Andhra Pradesh were only Rs.57,258 crore.

The state had clocked over Rs 1.28 lakh crore IT exports during 2019-20, a growth of nearly 18 per cent over the previous year.

The state recorded IT exports of Rs 1,28,807 crore, an increase of 17.93 per cent over 2018-19. The growth rate was more than double the national average of 8.09 per cent and more than two-and-a-half times the rest of the nation's average of 6.92 per cent.

The slump in IT exports during the current fiscal is attributed to Covid-19 pandemic.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Apr, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Covid second wave: Lockdown or no lockdown(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter