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Karnataka IT export revenue touches Rs. 1.65 lakh crores

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Abhigna
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BANGALORE, INDIA: The IT product export revenue of Karnataka State touched Rs 1.65 lakh crores this year, accounting nearly 40 per cent of the country's IT export, said S R Patil, Minister for Planning and Statistics, IT,BT, Science and Technology.

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The state government had planned to take the IT export revenue to Rs. 4 lakh crores by the year 2020, he said.

The Minister said that the government is equally focusing on the growth of IT sector in Tier 2 and Tier 3 cities across the State.

The state government has rolled out a new IT policy that aimed to accelerate the growth of the sector, said Patil and further added that the new policy facilitate the formation of a single window agency, for which the industry had been crying for long time.

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To encourage IT companies in other cites, Patil said, the state government has planned to offer built-up area or land would be provided at a nominal cost in Tier 2 and Tier 3 cities (excluding Bangalore). Also, IT industries had been exempted from many of the provisions of labour law.

To a query on the response to open IT companies in other cities than Bangalore, the minister said, quite a good number of IT industries had shown interest to start their activities in Hubli-Dharwad, Shimogga, Gulburga, Managalore and Belgaum.

Already, the IT giant Infosys Technologies had been allotted an area of 50 acres in Hubli, and they had initiated the process to set up a unit there. Once commissioned, Patil said, the Infosys unit would provide 10,000 direct jobs and 30 thousand indirect job.

He said ITIR (Information Technology Investment Region) was the another project he was working upon. It was a joint project for which the Centre Government provide Rs. 7000 crores mainly for creating infrastructures including roads and communication facilities in the ITIR township.

It would developed in an area of 10500 acres between Devanahalli and Chikkaballapur. The project, once commissioned fully, would help state overtake Silicon Valley of USA and become Global IT leader, he added.