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Telangana registers over 26% growth in IT/ITeS exports in FY22 at 1.83 lakh crore

Telangana registers over 26% growth in IT/ITeS exports in FY22 at 1.83 lakh crore
Photo Credit: Pixabay
2 Jun, 2022
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Telangana has registered a massive growth of 26.14% in the IT/ITeS sector in 2021-22, with a total of ₹1,83,569 crore as compared to ₹1,45,522 crore last year in IT/ITeS exports, IT Minister K T Rama Rao said on Wednesday.

The sector has also increased new jobs by 23.78 per cent to reach 7,78,121 during the period.

Citing estimates by Nasscom, approximately 4,50,000 new jobs were added to IT sector across the country of which Telangana contributed to one third of the net new national employment in the IT sector.

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India's information technology (IT) sector is set to become a $227 billion industry in FY'22, registering a 15.5 per cent growth which is the highest in over a decade, industry body Nasscom said on Tuesday. In Febrary this year, Nasscom's president Debjani Ghosh termed it as a year of resurgence, after the one of resilience in the immediate aftermath of the pandemic.

Meanwhile, for FY22, Nasscom said that the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people. Over 44% of the new hires were women, and their overall share is now 18 lakh.

The IT industry's revenue had grown by 2.3% to $194 billion in FY21. Export revenues grew 17.2% to $178 billion, while the domestic revenues grew 10% to $49 billion. Additionally, share of the new age digital services grew 25% to $13 billion and India has a strong workforce geared for technologies of the future, Ghosh said.

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When the state of Telangana was formed in 2014, it’s exports were ₹57,258 crore and IT employment was 3,23,397. Since its inception, the state has been able to achieve a CAGR of 15.6 per cent in exports from ₹57,258 crore to ₹1,83,569 crore, said Rao.

The state has been in forefront in the latest technological developments like blockchain, artificial intelligence, drones etc. making it a technology hub.

Telangana, has conducted trials in September last, using drones to transport medicines and vaccines on a 6 km flight path within five minutes.

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Rama Devi Lanka, director of emerging technologies in the Telangana government, said that another six-month pilot is being planned where drones will carry test samples, deliver medicines and vaccines in remote areas of Kothagudem district.

The project ‘Medicine from the Sky’ would use heavy payload, long-range drone paired to a custom developed modular temperature-controlled box (patent pending) platform that can safely and reliably deliver multiple medical payloads concurrently and improve access to vaccines, lab samples and possibly on-demand medical products to primary health centres and sub centres in rural, remote, and hard to reach areas.