KTR raises alarm over fall in T’gana’s IT exports

Hyderabad: Bharat Rashtra Samithi (BRS) working president K T Rama Rao on Tuesday expressed his concern over the alarming decline in Telangana’s Information Technology exports. The former IT and Industry minister urged the Congress government to prioritise IT and ITES sector and ensure policy continuity.

In his post on X, KTR mentioned that the State had a great run in terms of growth of IT jobs and IT exports over the last six to seven years. “Had a chance to look at the latest trends released by the government. The alarming decline in Telangana’s IT exports is a matter of serious concern. Even more concerning is the fact that new IT jobs created in Telangana have fallen to one-third of the 2022-23 numbers,” he posted.

He pointed out that IT exports during 2022-23 grew by Rs 57,706 crore while the growth was only Rs 26,948 crore during 2023-24. Similarly, 1,27,594 jobs were created in 2022-23 while only 40,285 new jobs were created in 2023-24.

Stating that the IT sector is a crucial engine that fuels the growth of Hyderabad city and Telangana State, KTR claimed that during the tenure of BRS, this sector witnessed unprecedented growth, thanks to several path-breaking policies and the TS-iPASS single-window initiative.

“I urge the Congress government to prioritise the IT and ITES sector and ensure policy continuity. Existing investors need to be supported, and new investments must be attracted. Young entrepreneurs and startups must be supported by all means. Incessant infrastructure upgradation and strict maintenance of law and order play an important role in sustaining the growth of the IT sector in the state. The Congress government needs to focus on these two areas, which seem to have taken a back seat since they assumed office,” he said.