IT exports from Infopark Kochi jumps 53% to Rs. 2,350 crore

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Kochi: IT exports from Infopark, Kochi continued to register robust growth in 2013-14 with revenues rising 53% year-on-year to Rs. 2,350 crore. This was announced by the Minister for Industries & IT, Shri P K Kunhalikutty today while unveiling the logo of Infopark’s 10th anniversary celebrations here.

The Minister said Kochi has become one of the most sought-after destinations for global IT companies since the establishment of the facility in 2004. “The government will support launch of private integrated Hi-Tech and IT parks in Kerala and soon draft a package of support measures, including a single window clearance system, for private players coming forward to set up IT parks in the State. However, these parks will have to generate a certain number employment opportunities to avail these benefits.”

Infopark registered export revenues of Rs. 750 crore in 2010-11, Rs. 1,095 crore in 2011-12, Rs. 1,534 crore in 2012-13.

“The result is in line with Infopark’s expectations and it signals sunny days ahead for Kerala’s IT industry. The growth rate has accelerated from 38% in 2011-12 to 43% in 2012-13. With more projects nearing completion in Phase I and more companies coming forward to invest in Phase II, we expect the exports to multiply in the coming years,” said Hrishikesh Nair, CEO, Infopark.

The US continued to be the top IT export destination for the companies, followed by South Africa, the UK, Australia, Singapore and Germany. Also, there has been a notable growth in exports to Canada and Japan.

Since its inception in 2004, Infopark has created over three million sq. ft. of work space and intends to double this to six million sq. ft. over the next couple of years. The park also expects to generate over 10,000 additional jobs during the financial year 2015-16.

The work for the second phase of Infopark is progressing well and a number of global IT firms have come up with proposals to set up their campus at the Rs 2,500 crore project, which is expected to be completed by 2020.

More than 200 companies are currently operating at Infopark. Apart from the Kochi hub, Infopark has three satellite locations – Kaloor, Thrissur and Cherthala, with over 23, 000 employees.

Kerala IT News

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