Indore: Exports from computer software and services from special economic zones (SEZ) in Indore it jumped by more than 27 percent in the financial year 2023-24. compared to the previous fiscal led by increased business across all sectors, including fintech, healthcare and edtech segments.
There are five SEZs in Indore and total exports from IT companies in fiscal year 2024 was Rs 3,782 crore, an increase of Rs 27.4 crore over the last financial year, data from the SEZ Development Commissioner’s office showed.
In the last fiscal year, IT exports from SEZs stood at Rs 2,969 crore.
SEZ Development Commissioner Suvidh Shah said, “Exports of computer software and IT services have grown by more than 27 percent over last fiscal year. Indore IT companies have seen remarkable growth despite the ups and downs in the sector. The IT/ITES sector is moving in a positive direction and it can be seen that it will consolidate.”
In 2023-24, Impetus Infotech’s exports stood at Rs 682 crore, up 106 per cent, Infosys at Rs 683 crore, up 53 per cent, TCS Ltd at Rs 1,725 crore, up 14 per cent, Yash Technologies Rs 100 crore. , 133 percent more than last business year, official data showed.
Indore has several small, medium and large IT players operating from Crystal IT Park, Atulya Park, Electronic Complex and from designated SEZs.
Industry players expect that IT/ITES companies in Indore will continue to grow and could achieve higher profitability amidst the low cost of doing business and a growing ecosystem in the city.
Exports of IT/ITES companies operating from the Crystal IT Park Special Economic Zone in Indore in the financial year 2023-24. fell 7.7 percent to 591 crore rupees from the previous year, according to official data.
“The decline in exports from Crystal IT Park was due to the IT company moving out of the park due to some internal problems. Overall, all IT/ITES companies performed well and recorded higher exports than the last fiscal year,” said Shah.
There are five SEZs in Indore and total exports from IT companies in fiscal year 2024 was Rs 3,782 crore, an increase of Rs 27.4 crore over the last financial year, data from the SEZ Development Commissioner’s office showed.
In the last fiscal year, IT exports from SEZs stood at Rs 2,969 crore.
SEZ Development Commissioner Suvidh Shah said, “Exports of computer software and IT services have grown by more than 27 percent over last fiscal year. Indore IT companies have seen remarkable growth despite the ups and downs in the sector. The IT/ITES sector is moving in a positive direction and it can be seen that it will consolidate.”
In 2023-24, Impetus Infotech’s exports stood at Rs 682 crore, up 106 per cent, Infosys at Rs 683 crore, up 53 per cent, TCS Ltd at Rs 1,725 crore, up 14 per cent, Yash Technologies Rs 100 crore. , 133 percent more than last business year, official data showed.
Indore has several small, medium and large IT players operating from Crystal IT Park, Atulya Park, Electronic Complex and from designated SEZs.
Industry players expect that IT/ITES companies in Indore will continue to grow and could achieve higher profitability amidst the low cost of doing business and a growing ecosystem in the city.
Exports of IT/ITES companies operating from the Crystal IT Park Special Economic Zone in Indore in the financial year 2023-24. fell 7.7 percent to 591 crore rupees from the previous year, according to official data.
“The decline in exports from Crystal IT Park was due to the IT company moving out of the park due to some internal problems. Overall, all IT/ITES companies performed well and recorded higher exports than the last fiscal year,” said Shah.
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