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Exports from STPI in FY 08 up
CONTINUING to remain on top of the list in software exports from Software Technology Parks of India (STPI), Mohali, Infosys Technologies in the first nine months of 2007-08 has bagged exports worth Rs 156.96 crore as against Rs 127.28 crore in the corresponding period last year showing an increase by Rs 29.68 crore. Close on the heels is Dell International Services with exports during the first nine months of the current fiscal at Rs 100.77 crore up from Rs 74.44 crore in the corresponding period of the previous year indicating an increase by Rs 26.33 crore. Quark Media’s exports during the period touched Rs 46.84 crore down from Rs 65.38 crore during the same period of 2006-07 while Fidelity Information Services (I) PL (Second Foundation earlier) achieved an export turnover of Rs 29.25 crore up from Rs 20.21 crore in the corresponding period of previous year thereby indicating an increase of Rs 9.04 crore notching one place up to the fourth position.IDS Infotech Ltd reported a higher export turnover during the first nine months of the current fiscal at Rs 23.10 crore as against Rs 22.18 crore though it has slided to the fifth position in the process. Data available for the first nine months of 2007-08 indicates that exports by the STPI Mohali rose to Rs 464.16 crore up by Rs 89.50 crore from Rs 374.66 crore in the first nine months of the previous year. Of the total exports of Rs 464.16 crore in the current fiscal till December last the five companies Infosys Technologies, Dell International Services,Quark media, Fidelity Information Services and IDS Infotech have notched up exports worth Rs 356.92 crore while these companies achieved exports worth Rs 309.49 crore in the same period of the previous year of the total exports during that period of Rs 374.66 crore. Data available also indicates that Infosys Technologies achieve an export turnover of Rs 174.23 crore during 2006-07 while Dell was at second position at Rs 97.70 crore.Quark Media had achieved an export turnover of Rs 95.97 crore, IDS Infotech Rs 28.58 crore and Fidelity Information Rs 30.66 crore. The last five years data indicates that exports from STPI Mohali has been consistently going up and indications are that by the end of the current fiscal exports would cross the Rs 700 crore mark. Last year, exports from the region stood at Rs 560.76 crore as against Rs 423.04 crore in 2005-06. During 2004-05 exports from the region were of the order of Rs 267.79 crore as against Rs 181.95 crore in 2003-04.These during 2002-03 were to the tune of Rs 103.35 crore.Thus, the total exports from the region in the last five years are of the order of Rs 1536.89 crore. Dr Sanjay Tyagi, additional director, STPI-Mohali said that the number of units registered with the STPI has risen to nearly 125 and those which came into production last year their results are naturally reflected in exports during the first nine months of 2007-08.To that extent exports during the first nine months of the current fiscal have risen by nearly Rs 90 crore. “Usually in quarter 3 and 4 exports go up and it is expected the current year will result in a better performance than last year,” he said. Mr. Tyagi told ET here that the software exports target for the current year is Rs 700 crore and said that this should be achieved going by the present trend. He said on an average nearly 20-25 companies were added annually to the list of those in the software export arena.