Kerala Technopark Reports ₹17,092 Crore in Software Exports, Achieving 173% Growth

Kerala Technopark Reports Significant Growth in Software Exports

Kerala’s Technopark has achieved a remarkable milestone, recording software exports worth ₹17,092 crores for the fiscal year. This figure represents a notable growth rate of 17.3% compared to the previous year.

Technopark, located in Thiruvananthapuram, is one of the largest IT parks in India and plays a crucial role in the states economy by fostering the IT and software development industry. The growth in exports highlights the increasing demand for technology solutions and services provided by companies operating in the park, which includes a diverse range of startups and established firms.

The Kerala government has been actively promoting the IT sector by providing various incentives and developing infrastructure to support innovation and entrepreneurship. The steady increase in software export figures reflects the regions growing reputation as a technology hub, attracting investments and talent from across the nation.

In addition to software exports, Technopark is also focusing on enhancing its support for research and development and promoting collaborations between educational institutions and the tech industry. As the demand for IT services continues to rise, Technoparks positive performance indicates a promising outlook for the sector in Kerala.