Hyderabad, Jan.23 – The slowdown in the IT sector is likely to leave a deep impact on software exports from Andhra Pradesh. The State is set to record a modest 25-per cent growth this financial year, according to the Director of Software Technology Parks of India, Hyderabad, Col M. Vijay Kumar, and the State Secretary Information Technology and Communication, Mr J. Satyanarayana.
For the first time in over a decade, export growth is expected to be marginal, compared to over 100- per cent growth year after year.
Since 1992 software exports from Hyderabad had gone up by over 100 per cent.
From about Rs 4 crore in 1992-93, exports had gone up to about Rs 2,007 crore for the year ended March 31, 2001. With the general slowdown and its specific impact on the IT sector, software exports are likely to witness a severe drop this year, according to Government sources.
Mr Satyanarayana too observed given the circumstances, even a modest growth of about 25 per cent was creditable. While major firms like Satyam and Wipro which account for a big chunk of exports from Hyderabad are on track with their exports, other medium and small firms are hard-pressed.
In the tier-two category where VisualSoft Technologies, Sierra Optima, VJIL, Infotech Enterprises figure, only Visualsoft and Infotech have performed relatively well.
