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IT Exports from Karnataka Set to Cross Rs 1.79L Cr

The value of IT exports from Karnataka is set to cross Rs 1,79,000 crore by March-end, State IT and BT Minister S R Patil informed the Legislative Council on Monday.

Published: 18th February 2014 09:21 AM  |   Last Updated: 18th February 2014 09:21 AM   |  A+A-

The value of IT exports from Karnataka is set to cross Rs 1,79,000 crore by March-end, State IT and BT Minister S R Patil informed the Legislative Council on Monday.

Replying to a query from BJP member G Madhusudan during question hour, Patil said  Karnataka was continuing to acquire a prime place in terms of housing substantive number of IT companies in the country.

“Over one-third of the value of IT products from the country is generated from Karnataka,” he said.

Declaring that the government had taken several measures to attract IT companies to establish their base in Bangalore, Patil said, “We have announced special attractive packages to the companies who would come forward to invest in tier-2 and tier-3 cities.”

Noting that IT companies in the State were providing direct employment to about 10 lakh people and had created another 20 lakh jobs indirectly, he said, “We are expecting to double this volume by 2020.”

He explained that while the total value of IT exports stood at Rs 67,000 crore in 2009-10, it increased to Rs 76,000 crore in 2010-11, Rs 90,000 crore in 2011-12 and Rs 1,35,000 crore in 2012-13. “At the end of December 2013, the total volume stood at Rs 1,42,000 crore,” Patil said.

Earlier, Madhusudan had charged that despite earning huge profits, the IT companies were paying less to their employees and also exploiting them. “The IT companies also tend to ignore social obligations to pay taxes to the State exchequer,” the BJP member said.

More from Karnataka.

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