‘City outpaced national growth in software exports’

Chandigarh has outpaced national growth in software exports registering an increase of nearly 33 per cent in exports at Rs 1,532 crore in the last financial year. Growth has not slackened in the last 10 months, with new customer deals retaining the momentum in the IT sector.

Software Technology Park of India (STPI) director general Omkar Rai said, "The national growth last year from both, special economic zones (SEZs) and STPI-operated IT units, was 16 per cent. The growth from Chandigarh was better than the national average". Rai added that the high growth has been "due to the better entrepreneurial skills available in the city."

Experts say the growth has been driven by the software development at the Rajiv Gandhi IT park in the city with firms having seen an increase in revenue coming from exports. Companies like Infosys and Net Solutions have not only seen their existing accounts grow, but have also been successful in striking new customer deals. The revenues of the companies in rupee terms has also increased, due to depreciation of the currency against dollar.

Officials of STPI, Mohali, said that in the financial year 2010-11, software exports from Chandigarh stood at Rs 1,151 crore and in 2011-12, the exports rose to Rs 1,532.4 crore. Government officials said that the percentage of growth in the current year would remain at 20-25 per cent for Punjab and Chandigarh, and the growth had "not slackened in the city."

Net Solutions CEO Sameer Jain said, "After dollar became dearer, there was growth in rupee terms".

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.