Kalavaibhavam.com(21-May): CM KCR congratulated the state IT Department for the impressive growth in IT Exports –  Minister K.T. Rama Rao, Principal Secretary  Jayesh Ranjan shared IT Exports and Employment data to CM  

CM KCR congratulated the state IT Department for the impressive growth in IT Exports –  Minister K.T. Rama Rao, Principal Secretary  Jayesh Ranjan shared IT Exports and Employment data to CM  

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Chief Minister K Chandrashekar Rao congratulated the state IT Department for the impressive growth in IT Exports from the state. Telangana’s Exports grew at a 17.93% compared to National Average of 8.09% and Rest of the Nation’s Average of 6.92%.  CM was happy to see the share of the Telangana’s exports in India went up from 10.6% to 11.6% and the share of Telangana in this year’s growth in National Exports was a remarkable 23.5%. “This clearly indicates that Telangana is poised to the be preferred destination for IT investments in the future”, he said. The Chief Minister also directed the IT department to ensure that all measures and precautions be taken to ensure that the IT Industry functions smoothly, keeping in view of the COVID-19 pandemic.

The Minister for IT, K.T. Rama Rao and the Principal Secretary, Jayesh Ranjan IAS met the Chief Minister, Mr. K. Chandrashekar Rao and shared with him the following IT Exports and Employment data obtained for the financial year 2019 – 20.

IT EXPORTS AND EMPLOYMENT DATA FOR 2019 – 20

Item 2018 – 19 2019 – 20 GROWTH (%)
Telangana Exports (Rs. Cr) 1,09,219 1,28,807 17.93
Telangana Employment 5,43,033 5,82,126 7.20
Total India Exports (Rs. Cr) 10,29,248 11,12,496 8.09
Total India Employment 41,58,000 43,63,000 4.93
Total India minus Telangana Exports

Rest of the Nation (Rs. Cr)

9,20,029 9,83,689 6.92
Total India minus Telangana Employment

Rest of the Nation

36,14,967 37,80,874 4.59
Share of Telangana in India Exports (%) 10.61 11.58
Share of Telangana in India Employment (%) 13.06 13.34
Share of Telangana in the Export Growth (%) 23.53
Share of Telangana in the Employment Growth (%) 19.07

 

Salient points:

  1. Telangana’s Exports grew at a 17.93% compared to National Average of 8.09% and Rest of the Nation’s Average of 6.92%. In other words, Telangana growth is more than double the National Average or more than two and half times the Rest of the Nation.
  2. Similarly Telangana’s Employment grew at a 7.2% compared to National Average of 4.93% or Rest of the Nation’s Average of 4.59%. Telangana growth rate in employment is about 50% more than the rest of the country.
  3. Telangana share of Exports in India grew from 10.61% in (2018-19) to 11.58% (2019-20)
  4. Telangana share of Employment in India grew from 13.06% in (2018-19) to 13.34% (2019-20)
  5. Overall share of Telangana in the Indian Export Growth for 2019-20 is 23.53%
  6. Overall share of Telangana in the Indian Employment Growth for 2019-20 is 19.07%.

The Minister for IT explained the CM that despite the onset of the COVID-19 during the last quarter of the financial year 2019 – 2020 (Jan 2020 – March 2020), the export growth from Telangana managed to record a phenomenal 17.93% growth for the full financial year. And this is more than double that of the National growth.

The Principal Secretary mentioned to the Chief Minister that an effort is undertaken by the IT Industry in Hyderabad under the IT4TS campaign. Several employees contributed their 1 day, 2 day salaries and with companies matching 1X, 2X. The proceeds were used to procure high end medical infrastructure for testing COVID-19 and even other viruses subsequently in the Government hospitals. Several companies were involved in contributing towards the PPEs, Ventilators, and other relief efforts among other things. The IT fraternity in Hyderabad were able to raise over Rs. 70 Cr collectively towards the fight against COVID-19.

During the 2019 – 20 financial year, several marquee investments have taken place in Hyderabad, including the inauguration of Amazon’s world’s largest facility at 3 Million sft and Micron’s largest R&D centre globally. Tech Mahindra and CYIENT have chosen to open their centers in the tier-2 location of Warangal. Government is also promoting the dispersion of the IT around the city with several MNCs showing interest in the Eastern part of the city. It can also be noted that the commercial space absorption in the city of Hyderabad during the first two quarters for year 2019-20 topped all Metros in India in growth as well as in absolute terms.

The IT Minister said that the Hyderabad IT ecosystem has the agility and the resilience to overcome the effects of COVID-19. He pointed that several investors are actively engaged in discussions with the department and very soon, there will be some announcements in this regard. The department will release the progress report on the 1st of June depicting all the achievements during the year 2019-20. This will be the sixth year in a row that the department has released the progress report without fail.