KCR congratulates IT Department on impressive growth

Hyderabad, May 21 (NSS): Chief Minister K Chandrashekar Rao congratulated the state IT Department for the impressive growth in IT Exports from the state. Telangana’s Exports grew at a 17.93 percent compared to National Average of 8.09 percent and Rest of the Nation’s Average of 6.92 percent. CM was happy to see the share of the Telangana’s exports in India went up from 10.6 percent to 11.6 percent and the share of Telangana in this year’s growth in National Exports was a remarkable 23.5percent. “This clearly indicates that Telangana is poised to the be preferred destination for IT investments in the future”, he said. The Chief Minister also directed the IT department to ensure that all measures and precautions be taken to ensure that the IT Industry functions smoothly, keeping in view of the COVID-19 pandemic.

The Minister for IT, K. T. Rama Rao and the Principal Secretary, Jayesh Ranjan met the Chief Minister, K. Chandrashekar Rao and shared with him the following IT Exports and Employment data obtained for the financial year 2019 – 20.

The Minister for IT explained the CM that despite the onset of the COVID-19 during the last quarter of the financial year 2019 – 2020 (Jan 2020 – March 2020), the export growth from Telangana managed to record a phenomenal 17.93 percent growth for the full financial year. And this is more than double that of the National growth.

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