The Software exports from the state touched Rs. 37,600 Crore ($ 8.3 Billion) for the Year 2005-2006 fiscal as against Rs.27,600 crore ($ 6.1 Billion) in FY05, recording a growth of 36%.

The Projection for the current fiscal are that IT exports will touch Rs.49,000 crore ($ 10.8 B), keeping with the current growth momentum. The exports from Karnataka constitutes around 37.6% of the Country's exports for FY06, which is a shade higher than the previous year's figure. The FY06 also saw 201 new companies getting approval and taking the total numbers to 1,721 as against 1,520 in FY05, though only around 1,200 companies are operational.

The total projected investments for FY06 was Rs.2,761 crore while those of the foreign companies stood at Rs.1,882 crore.

The STPI Bangalore Director B V Naidu said "No company from Bangalore has moved out. In fact, around 200 existing companies expanded their operations."

State IT Secretary M K Shankarlinge Gowda said, "It demonstrates that Karnataka is the Leader and Bangalore is the IT mascot".

In FY06, enterprise application accounted for 57% of the exports while ITES/BPO constituted around 16% and US continued to be the main market having 61% share followed by Europe at 24%.

Hardware has also recorded higher growth than software business though from a small base.

The number of hardware companies touched 51 in FY06 as against 44 in FY05, recording growth of 16%. The exports of Electronics Hardware Technology (EHTP) companies for FY06 stood at Rs.2,481 crore as against Rs.1,768 crore in FY05, recording a growth of 40%.

Performance of IT export In K'taka :-

* Electronics Hardware Technolgy Park