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Gujarat IT industry sees 20% growth in FY14

Tech companies in Gujarat are eyeing 20% growth in this financial year and will focus on product development and global access.

, ET Bureau|
Last Updated: Jul 31, 2013, 04.45 PM IST
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Tech companies in Gujarat are eyeing 20% growth in this financial year and will focus on product development and global access.
Tech companies in Gujarat are eyeing 20% growth in this financial year and will focus on product development and global access.
AHMEDABAD: Tech companies in Gujarat are eyeing 20% growth in this financial year and will focus on product development and global access, an official of a local IT association said.

Official output figures for the state's IT and IT-enabled Services (ITeS) are not out yet, but exports from local office of the Software Technology Parks of India (STPI) have been estimated at Rs 1,500 crore.

"The number of companies reporting to STPI has dropped from 200 to 80 following withdrawal of benefits to STPI, hence the drop in figures, but the industry figures are much higher," said Pankaj Shah, president of Gujarat Electronics and Software Association of India (GESIA). Of the 1,500-odd IT, ITeS and electronics companies in Gujarat, about 340 are members of GESIA.

GESIA recently elected its new office-bearers with Jay Ruparel, CEO of Azure Knowledge Corporation, as senior vice-president; Sudhir Naik of e-Infochips as vice-president; Vivek Ogra, director of VBSOFT (India), as honorary secretary and TPS Oberoi, ED of Cygnet Infotech, as honorary treasurer.

Local industries are awaiting the state's new IT policy.. "We will be giving our inputs in next 10 days to the state government," said Shah. Gesia will also brand Gujarat as an emerging destination for IT sector at a global level by participating in events like Cebit, Electronica, Traitonic and Gitex.

Apart from gaining better market access, efforts are afoot to create skilled human resources by coordinating with academic institutions. "We plan to sign agreements with about 10 institutes this year," said Bipin Mehta, one of the three advisers appointed for the first time on the board of GESIA.

It will also conduct a survey to know the output of the IT industry and the workforce employed.

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