Karnataka’s IT exports crossed ₹3 lakh crore in FY 2023: Priyank Kharge

Karnataka IT/ITeS exports cross ₹3.2 lakh cr in FY23, 40% of total jobs in knowledge economy, 65% of aerospace/defence exports. Karnataka seeks to spark global tech connectivity, executed two programmes to Dusseldorf, UAE in FY23-24. State has 14,000 startups, 440 GCCs, seeks to fix infrastructural chaos.

The IT and ITeS exports from Karnataka crossed ₹3,28,106 crore in FY 2023, a 27% year-on-year growth, Priyank Kharge, Minister for IT, Biotech, Rural Development and Panchayati Raj said, quoting Software Technology Parks of India (STPI) figures on Wednesday.

During FY23, the country’s total IT and ITeS exports were ₹7,81,236 crore, of which Karnataka solely accounted for 42%, he said.

In terms of people and jobs, the fiscal saw the knowledge economy adding 22,43,245 people, of which Karnataka alone had a 40% share at 9,05,715 jobs, an annual growth of 13%, said the Minister.

Earlier, speaking at the opening session of Karnataka’s tech exposition, the Bengaluru Technology Summit at Palace Grounds, the Minister said the State’s dominance extended across other core innovative sectors.

For instance, it commanded a 40% share in electronics design, a staggering 52% share in machine tools manufacturing, a whopping 65% share in aerospace and defence manufacturing and a commendable 60% share in biotech production and exports.

By embracing the theme, Breaking Boundaries, the State’s goal was to spark inspiration within the global technology community, encouraging the exploration of new technological frontiers. “We seek to cultivate innovation, collaboration, and transformative breakthroughs, advocating for global tech connectivity that transcends limitations and knows no boundaries,’‘ he said while addressing a packed global tech audience.

In the fiscal year 2023-24, the State successfully executed two programmes to Dusseldorf, Germany, involving 2 start-ups, and the United Arab Emirates, involving 10 start-ups, Minister Kharge said.