City IT exports to cross Rs 30,000 cr mark
- Feb 05, 2011, 05:59 AM IST
Pune: The information technology (IT) industry in Pune is expected to touch the Rs 30,000-crore mark in exports in 2010-11, with Maharashtra estimated to cross the Rs 50,000-crore benchmark.
This marks a 10% rise over 2009-10, when Pune's IT exports amounted to Rs 28,000 crore and Maharashtra's about Rs 48,000 crore. In 2009-10, Karnataka had clocked Rs 76,000 crore during 2009-10, of which Bangalore accounted for more than 80%.
With buoyancy back in the market after the global slowdown, industry players feel Pune has the potential to compete strongly with IT hubs in Bangalore and Hyderabad in the next five years. Software Export Association of Pune (Seap) president, Chetan Shah, told DNA that IT exports from Pune will constitute a major chunk of the Rs 50,000-crore IT exports from Maharashtra.
While Seap has around 100 IT companies, including large and medium enterprises as members, Nasscom has estimated that Pune provides cost advantage of 12% compared to other cities in the country. The IT industry in the city is set to witness a steady rise of 15-20% in exports, he said.
According to him, the Pune IT industry is poised to cross the Rs 50,000-crore mark within the next three years, giving good competition to Bangalore and Hyderabad.
In a written reply in the Lok Sabha, minister of state for commerce and industry, Jyotiraditya Scindia, had said software exports would increase by 10.77% in 2010-11.
He said the exports would touch Rs 2,61,200 crore in 2010-11 from Rs 2,35,800 crore in 2009-10.
Hinjewadi Industries Association president, Mritunjay Singh, said the IT export projection of Rs 30,000 crore is realistic. "Post recession, many global players are setting up base in India and Pune is a natural choice. Pune being an open city that welcomes emigrants and it being an educational hub and a good talent pool, gives the city an edge over the others," he said.
The Pune head of Infosys Technologies, Singh said Infosys is likely to touch the Rs4,500-crore mark this fiscal, as against Rs4,300 crore last fiscal. Former Nasscom chairman and chief executive officer of Zensar Technologies, Ganesh Natarajan, said Pune could cross the Rs50,000-crore IT export mark "if it continues the dream".
"Earlier, the industry felt that Pune not being the state capital is at a big disadvantage, but now it is one of the advantages of it being a major IT destination. If the state government allocates more funds to develop infrastructure, Pune could well be the next major IT hub in the country," he said.
Zenzar is looking at an IT export target of Rs 1,100 crore in 2010-2011,