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|
|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)
|Total India minus Telangana Employment
Rest of the Nation
|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|
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.