Summary:
Kochi, Mar 20 (PTI) Amid the havoc created by the pandemic for the past two years, the Infopark here reported an increase in software exports by an impressive 21 per cent in financial year 2020-21 and created over 2,000 job opportunities.
In the last financial year, a total of 88 new companies started operations in the IT park with an allotment of 1,57,602 square feet space, Kerala State IT Parks CEO John M Thomas said, adding that the strength of the workforce increased by eight per cent.
"Software export revenue of Infopark, Kochi and associated satellite parks last financial year stood at Rs 6,310 crore as against Rs 5,200 crore in the year before, a 21 per cent increase.
Interestingly, the export revenue had a steady increase even while there was a minor dip in the total number of companies due to the exit of small scale companies with remote working," Infopark said in a statement.
Currently, allotment of 50,000 sq ft space to 13 more new companies are under process and this is expected to create over 400 new job opportunities in the immediate future, Infopark said.
The park houses 55,000 IT professionals in 412 companies with a total built-up space of 9.2 million sq ft which is rapidly expanding.