Hyderabad logs ₹3.12 lakh crore IT exports: HYSEA
HYDERABAD: Hyderabad is emerging as a global innovation hub beyond being a technology services provider, the Hyderabad Software Enterprises Association (HYSEA) said on Monday.
The industry body projected that IT exports from the city could touch ₹3.12 lakh crore in the current financial year. More than 10 lakh professionals are employed in the IT sector, it said. The number is higher if employees in startups and small firms are included.
Summit to focus on transformation
HYSEA will host its 33rd annual summit on September 5 in partnership with the Telangana government and NTPC. Chief Minister Revanth Reddy and IT and Industries Minister Dudilla Sridhar Babu will attend as chief guests, HYSEA president Prashanth Nandella said.
The summit will be held under the theme “Intelligence Everywhere: Leading the New Era of Transformation”. HYSEA will release a coffee-table book titled “Making IT Happen” and a report, “Scale at Hyderabad”, detailing the city’s IT growth.
Startup awards draw 294 applications
HYSEA will present awards to top IT companies and startups. Vice-president Bipin Pendyala said 294 applications were received for startup awards, of which 40 firms were shortlisted. Ten startups will receive awards.
Among the shortlisted firms, 36% have raised funds through Series A and B rounds. About 12% have reported annual revenues exceeding ₹9 crore.
Bharat Biotech International founder Krishna Ella and Ananth Technologies founder Subba Rao Pavuluri are among national and international speakers scheduled to address the summit.
