Karnataka logs $17-bn software exports despite meltdown

September 3rd, 2009 CHANDIGARH - India is expected to clock double-digit growth in the software and IT enabled services (ITeS) exports next year as the US and other markets are recovering from the meltdown, a top official of the trade association NASSCOM said here Thursday. "We are expecting IT exports to grow in double digits as the software markets of the US and other countries are recovering well.

March 27th, 2009 THIRUVANANTHAPURAM - While India's overall software exports have slowed down on account of the global slowdown, those from Kerala grew 43.41 percent till February-end, fetching a revenue of Rs.2,300 crore. 'While the STPI (Software Technology Parks India) figures for the country show a growth of 17.62 percent till February-end this fiscal, software exports from Kerala have grown at 43.41 percent,' said an IT department official who did not wish to be identified.

July 9th, 2009 BHUBANESWAR - Despite the global economic slowdown, software exports from Orissa grew by 39.05 percent in 2008-09 over the year before, officials said Thursday. The total IT exports of the state stood at Rs.1,168 crore last fiscal as against Rs.840 crore the year before, said Manas Panda, officer in charge of the Bhubaneswar unit of the Software Technology Park of India (STPI).

June 11th, 2009 CHANDIGARH - Software exports from Chandigarh and its adjoining towns of Panchkula and Mohali grew 31 percent to cross Rs.1,050 crore in 2008-09, compared to Rs.800 crore the year before. Growth results released by officials here said that software exports in the union territory, particularly from the Rajiv Gandhi Chandigarh Technology Park here, rose from Rs.504 crore in 2007-08 to Rs.750 crore last year.

May 6th, 2009 BANGALORE - The Indian IT industry is set to witness a single-digit growth in software and services exports in 2009-10 because of global recession and lower technology spending in the US and Europe, a top industry body official said Wednesday. 'Software exports of Indian IT industry are projected to grow in single digit this fiscal due to economic slowdown and lower tech budgets in major markets like the US and Europe.

February 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.

July 8th, 2009 CHENNAI - The Tamil Nadu government will announce a slew of measures to help IT sector attract fresh investments, a senior official here said Wednesday. "The proposals will be announced in the assembly," IT Secretary P.W.C.

January 14th, 2009 KOLKATA - The recruitment in the information technology (IT) sector in West Bengal is likely to be lower than the target set by the government due to the global economic meltdown, state IT minister Debesh Das said here Thursday. 'Last year we generated employment for around 15,000 people in the IT sector and this year we had set a target of 20,000.

December 22nd, 2008 KOLKATA - Emerging IT companies in the US could drive India's software services exports, with the second quarter of the next fiscal (2009-2010) proving to be the critical phase, a senior industry representative said here Tuesday. 'Bailout packages being announced by the government of the US would help the IT (information technology) industry of India at a rate faster than earlier imagined,' Sanjiv Narayan, chairman of Electronics and Computer Software Export Promotion Council, told reporters.

July 2nd, 2009 HYDERABAD - The Andhra Pradesh government Thursday said the state has posted a 24.5 percent growth in information technology export revenues during 2008-09, higher than the projected national growth of 20.65 percent, but this includes the inflated figures submitted by the scam-tainted Satyam Computer Services. The exports during the year were Rs.32,509 crore (Rs.325.09 billion/$6.79 billion) against Rs.26,122 crore (Rs.261.22 billion/$5.45 billion) during 2007-08.

February 15th, 2009 BANGALORE - Infosys Technologies vice-chairman Nandan M. Nilekani Monday admitted that the global economic meltdown has affected hiring in India's IT industry.

August 26th, 2006 Chief executive Jacob "Kobi" Alexander, who turned fugitive, has been tracked down in Sri Lanka by a private investigator based on a one-minute Skype call he made from Columbo. Alexander, aged 54, faces fraud charges over a stock options scandal involving the voicemail software firm he founded, Comverse.

June 13th, 2009 NEW DELHI - Wipro chief Azim Premji has asked the Indian IT industry to get ready to face the global competition, and not fall into a mind trap of 'India Advantage'. "We have talked a lot about India advantage.

February 20th, 2009 NOIDA - A 22-year-old woman, wife of a software engineer, committed suicide at her home here, police said Friday. Kirti Nath, who was married to Manju Nath, a software engineer with IT firm HCL, was found hanging in her room at their house in Sector 20 in Noida Thursday night, a police official said.

January 27th, 2009 BANGALORE - The Karnataka government Wednesday decided to remove the beleaguered Maytas Infra - a firm associated with the fraud-hit Satyam Computer Services - from the two greenfield airport projects at Shimoga and Gulbarga. 'We have decided to call for fresh tenders for the airport projects at Shimoga and Gulbarga.