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IT exports touch Rs 1,35,000 Cr

Posted on Feb 04, 03:51PM | UNI

Bangalore, Feb 4 : IT exports from Karnataka have crossed the Rs 1,35,000 crore-mark, Governor H R Bhardwaj said today.

Addressing the joint session of Karnataka Legislature here, he said the IT sector had given direct employment to 8 lakh people and indirect employment to 2.5 lakh people.

The Governor said that the Global Investors Meet (GIM) held twice (2010 and 2012) was most successful and MoUs worth more than Rs 10 lakh crore have been signed. In the post GIM (2010) 59 per cent MoUs signed have been implemented.

Mr Bhardwaj said the state's financial status was very sound. Fiscal deficit and public debt have been within the targets prescribed by the Central Governmet and the 13th Finance Commission.

Over the last five years, the tax revenues of the state have more than doubled. Tax revenue is 10 per cent of GSDP, which is among the highest in the country. The Plan size has increased by two-and-a-half times over the last five years.

Per capita plan expenditure of Rs 6810 is among the highest in the country.

Stating that Karnataka has been appreciated by one and all for making Citizens' Right to services through 'Sakala', he said that in a short span of nine months more than 1.65 crore citizens have availed 265 services in time bound manner.

He said the State has crossed transactions amounting to Rs 1,63,000 crore through e-procurement, leading to a saving of 10 per cent to State exchequer.