Thiruvananthapuram : , December 13, 2013 : .Technopark reported that its software exports increased by 7.7 percent in the last fiscal despite adverse market conditions resulting from Covid-19, Kerala’s principal IT hub.Exports increased from Rs 7,890 crores during 2019-20 to Rs 8,501 million in 2020-21.
In the middle of the nineties, the IT complex was established.Since then, the IT area has surpassed 10,000,000 square feet.460 businesses from various sizes and shapes provide direct employment for 63,000 people.
John M Thomas (CEO of Kerala IT Parks) stated that the increase in software exports is a sign of AIT companies’ strength, despite adverse market conditions.
“With the ongoing campus modernisation efforts at Technopark and completion of big ongoing infrastructure development projects, we are expecting higher export growth both by enabling organic growth of existing firms and by attracting new global corporations,” said Thomas.
In recognition of its excellent financial stability, CRISIL had upgraded Technopark’s credit rating to A Plus earlier this year, which incidentally was the highest credit rating achieved by the park in the past one decade.
The park’s financial health remained robust despite the offering of relief to companies for rent payment and forgoing rental escalation for the fiscal due to Covid-19.
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