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TN pegs software exports to touch Rs One Lakh cr in 2016-17

Press Trust of India  |  Chennai 

: has pegged its software to touch Rs one lakh crore by the end of current financial year and the state has also planned to set up a new IT park here.

"The software export from is growing steadily and is expected to touch Rs one lakh crore by the end of 2016-17.


The state has promoted IT parks in Tier II cities and during the current year an additional IT park in Sholinganallur will be set up," Minister D Jayakumar said while presenting the budget in the Assembly today.

The has also planned to establish a start-up warehouse in Coimbatore, similar to the one functioning in Chennai, he said adding an initiative has been taken to set up an electronic hardware industry hub at Sriperambudur near with the support of the Centre.

On the revised budget estimate for the year 2017-18, the Minister said an amount of Rs 116 crore has been provided for the IT department.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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