06-02-2005, 08:27 PM
<b>India's IT exports soar by 34.5 pc</b> <!--emo&:ind--><img src='style_emoticons/<#EMO_DIR#>/india.gif' border='0' style='vertical-align:middle' alt='india.gif' /><!--endemo-->
BANGALORE: <b>India's software and service exports soared 34.5 percent to 17.2 billion dollars in the last fiscal year</b> as companies from abroad outsourced more work, an industry lobby group said on Thursday.
<b>Including domestic revenues, Indian companies earned 22 billion dollars in the year ended March 2005 from software and related services,</b> compared to the previous year, the National Association of Software and Services Companies said.
The pace is expected to continue for the current fiscal year started April 1, with exports in the industry expected to rise 32 per cent, the association said.
Of the total exports, outsourcing services such as software programs, billing, customer management and accounting, grew 44.5 percent to 5.2 billion dollars or 44 per cent of the worldwide total, the association said.
"The Indian software and services industry has been able to maintain its growth and momentum and consolidate its partnership with overseas customers adding to their competitiveness," said S. Ramadorai, chairman of the association said.
"The industry also scaled record levels of employment during the last year with the employee base crossing the one-million mark," he told reporters in the high-tech city of Bangalore, home to more than 1,500 domestic and foreign technology firms.
Kiran Karnik, president of the association which has about 900 members, said the Indian software industry was on course to reach a target of 50 billion dollars in sales by 2009.
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
BANGALORE: <b>India's software and service exports soared 34.5 percent to 17.2 billion dollars in the last fiscal year</b> as companies from abroad outsourced more work, an industry lobby group said on Thursday.
<b>Including domestic revenues, Indian companies earned 22 billion dollars in the year ended March 2005 from software and related services,</b> compared to the previous year, the National Association of Software and Services Companies said.
The pace is expected to continue for the current fiscal year started April 1, with exports in the industry expected to rise 32 per cent, the association said.
Of the total exports, outsourcing services such as software programs, billing, customer management and accounting, grew 44.5 percent to 5.2 billion dollars or 44 per cent of the worldwide total, the association said.
"The Indian software and services industry has been able to maintain its growth and momentum and consolidate its partnership with overseas customers adding to their competitiveness," said S. Ramadorai, chairman of the association said.
"The industry also scaled record levels of employment during the last year with the employee base crossing the one-million mark," he told reporters in the high-tech city of Bangalore, home to more than 1,500 domestic and foreign technology firms.
Kiran Karnik, president of the association which has about 900 members, said the Indian software industry was on course to reach a target of 50 billion dollars in sales by 2009.
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->