STPI exports stood at Rs 4.24 lakh crore in 2018-19: Official

Hyderabad, Feb 17 (): Software exports from theSoftware Technology Parks of India (STPI) stood at Rs 4,24,000crore for 2018-19 and they are projected to grow at least by10 per cent during 2019-20, STPI Director-General Omkar Raisaid on Monday.

"A sum of Rs 4,24,000 crore, STPI export alone, in year2018-19," he told reporters here, on the sidelines of anevent.

Asked about any projections for 2019-20, he said itwould grow at over and above 10 per cent.

"It will grow two digits, 10 per cent, over and above.There are indications. Because, our figures are compiled inthe month of September. I am talking about STPI. Overallexport has been estimated and forecast by NASSCOM, three-fourdays before and 147 billion dollar that has been estimated, isabsolutely a true figure, he said. Importantly, the focus of the government is towards makingIndia a software product nation, Rai said. He was speaking after the soft launch of IMAGE Centre ofExcellence set up by the STPI here, backed by MeitY and thegovernment of Telangana, to incubate over 25-30 start-ups eachyear and 140 over the next five years, a STPI press releasesaid. Rai said they plan to set up 28 centres of excellence, outof which seven have been soft-launched and 21 are at advancedstages of planning. SJRNVG NVG