Technopark’s Software Export Crosses Rs 13,255 cr in FY 23-24; Marks 14 pc Growth

THIRUVANANTHAPURAM:
The revenue from software exports by the IT/ITEs companies of Technopark has clocked Rs 13,255 crore for the Financial Year (FY) 2023-24, marking a 14 percent growth compared to last year.

The software export revenue of Technopark for the FY 2022-23 was Rs 11,630 crore.

Covering a total area of 768.63 acre with 12.72 million sqft built up space, the premier IT hub of the country houses as many as 490 companies, providing 75,000 direct jobs and two lakh plus indirect jobs.

This stellar performance tells a growth story of the vibrant IT ecosystem in Kerala and the business vision and professionalism of the in-house companies, Col Sanjeev Nair (Retd), CEO, Technopark, said.

“The world class infrastructure and skilled workforce at Technopark played a major role in hitting this high growth trajectory. The results will enhance confidence to the robust ecosystem in the state, which is a model for the whole country,” he said.

“The digital ecosystem at Technopark measures up well to the aspirations of the companies that deploy and integrate cutting-edge technologies to harvest the opportunities in fast emerging domains such as space technology, fintech, medtech, EV and logistics,” Col Sanjeev Nair (Retd) noted.

He also recalled that diplomatic and business delegations from US, Europe, Far East and Middle East who visited Technopark this year and lauded the infrastructure and ecosystem here.

Technopark also serves as the nucleus of the high-tech ecosystem of the state capital. Kerala’s first IT corridor came into existence on the sides of the National Highway between Kazhakkoottam and Kovalam of Thiruvananthapuram district. The ongoing development activities at Technopark Phase III and Phase IV campuses will make the Park one of the country’s biggest IT hubs in the near future.

Many of the companies at Technopark have also made a mark during the year by bagging coveted national and international accolades for business growth, innovation and workplace competence. The campus has also emerged as a nerve center for one of India’s fast-growing startup ecosystem.