Software exports from Chandigarh to touch $275 Mn

Thursday, 07 August 2008, 17:17 IST
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Chandigarh: Software and services exports from Chandigarh and its surrounding towns of Panchkula and Mohali are expected to grow by 32 percent in 2008-09 fiscal, according to the Software Technology Parks of India (STPI). "In 2008-09, we have projected combined software exports of 11 billion ($262 million) with 9 billion from STPI units and 2 billion from special economic zones (SEZs)," STPI joint director Ajay Srivastava said. "In 2007-08, the software and service industry in the region has seen a robust growth and its total value has reached 8.22 billion compared to 5.61 billion during 2006-07," Srivastava said. STPI is a society set up by the central government to encourage and boost the software exports from the country. The IT and IT-enabled service (ITES) units have increased from 145 in 2002-03 to 253 in 2007-08 and are expected to cross 300 by the end of this fiscal. According to the STPI, the total exports would cross 15 billion by 2009-10. The software industry in the region has given direct employment to nearly 10,000 professionals, Srivastava said.
Source: IANS