KOCHI: The three major IT parks in the state are slowly but steadily growing in terms of turnover and exports. As per the Economic Review 2025, released on Wednesday, their total IT exports increased from `24,793 crore in 2023-24 to Rs 26,770 crore in 2024-25, registering a 7.97%growth. The number of people employed in these parks jumped from 1,47,200 in 2023-24 to 1,55,300 in 2024-25.
According to V K Mathews, founder and executive chairman of IBS Group, when it comes to the performance of IT parks in the state, one should not look at export figures.
“The reason is that many of the companies that have branches at Infopark or Technopark are headquartered in other states. So when it comes to calculation of exports, the numbers from the various branches are collated before they are published,” he said.
“To understand the performance of IT parks in Kerala, one needs to look at the number of people getting employed. Has there been an increase in this area? If yes, it shows that the IT sector in the state is doing well,” he added.
Mathews pointed out that IT parks in the state are favoured by companies. “One has to just look at the long list of companies waiting for space in these IT parks. I believe that the state’s dream of capturing 10% of India’s total IT exports will be realised, not immediately, but, by 2030 or 2035, if we look at the performance of the parks,” he said.
Out of the three major IT parks in the state, Technopark in Thiruvananthapuram saw its exports grow by 9.96% from Rs 13,255 crore to Rs 14,575 crore over the period under review.
As per the Economic Review, over the five years to 2024-25, Technopark saw a revenue growth of 84.73%.
Revenue generated through exports stood at Rs 7,890 crore in 2019-20. The park’s total turnover increased from Rs 26,000 crore in 2023-24 to Rs 29,000 crore in 2024-25.