TVM Technopark registers boost in IT export revenue, CM Pinarayi Vijayan praises performance

Thiruvananthapuram: Kerala’s information technology hub Technopark has registered a growth of Rs 1,274 crore in its IT export revenue compared to the last financial year, Chief Minister Pinarayi Vijayan said.

Technopark posted an export revenue of Rs 9,775 crore in the financial year 2021-22, which is 15 percent higher than the previous year.

In the last financial year (FY 20-21), Technopark’s export revenue was Rs 8,501 crore, he said.

Besides, the Government of India’s accurate introduction of GST and CRISIL’s (Credit Rating Information Service of India) rating of A+/Stable till June 2023 were also notable achievements, the Chief Minister said.

Vijayan, in a Facebook post on Thursday, said the IT hub is rising to new heights and its achievements were the result of various schemes launched by the LDF government to ensure the growth of IT parks in the southern state.

“In the last year and a half, Technopark has allotted office spaces to 78 companies covering a built up IT area of ​​2,68,301 square meters,” he said.

This year alone, from April to November 2022, new office spaces were allotted to 37 IT/ITeS companies in the Technopark with a built-up IT area of ​​1,91,703 square meters, the CM detailed in his release.

Today, Technopark has 70,000 employees and hosts 470 companies with an IT workspace of 10.6 million square meters.

Snehil Kumar Singh, CEO, Kerala IT Parks, said that the role of Technoparks in Kerala’s IT export has been profound and has been increasing every year.

He said that new companies and new constructions are driving the development of the Technopark.

“Government assisted development activities, Technopark’s impeccable service standards are truly an asset for progress. Technopark is exploring new growth horizons and diversifying its product offering to attract more business and investment in the state.” The IAS officer added.

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