Tamil Nadu Leads in Software Exports, Crossing $4.8 Billion: Minister
Published on: December 13, 2023.
Filed under:
Tamil Nadu Software Exports Reach Record High, Projected to Hit $8 Billion
Tamil Nadu, a state in India, has achieved an impressive milestone in software exports, surpassing all other states to reach an all-time high of $4.8 billion as of October 31, 2023. State Minister T R B Rajaa announced this remarkable achievement on Wednesday, stating that the software exports from Tamil Nadu are expected to soar to $8 billion in the current fiscal year, showcasing significant growth compared to the previous year’s $5.37 billion.
“Exciting news ahead as we get ready for Tamil Nadu Global Investors Meet 2024. State-wise data on Electronic Exports from India till October 2023 are in, and the story of Tamil Nadu’s success is truly remarkable yet again,” Minister Rajaa proclaimed with enthusiasm.
Tamil Nadu has emerged as the frontrunner in electronic exports, with a staggering amount of $4.78 billion recorded as of October 31, 2023. Uttar Pradesh secured the second spot with $2.58 billion, while Karnataka secured the third position with $2.29 billion, as per the data shared by Minister Rajaa.
The Minister attributed Tamil Nadu’s exceptional success to its strategic policies, skilled workforce, robust infrastructure, and the renowned Dravidian Model of governance. In a social media post, he wrote, “The success must be attributed to the commitment of our Chief Minister M K Stalin to foster innovation, attract investments, and nurture a vibrant business environment. As the data unfolds, it is clear that Tamil Nadu’s growth trajectory in Electronic Exports is not just a statistic but a testament to the state’s thriving ecosystem.”
According to the available data, Maharashtra secured the fourth position in India’s electronic exports, achieving $1.69 billion, while Gujarat stood at $1.59 billion as of October 31, 2023. Delhi recorded $806.91 million, Haryana $385.81 million, and Telangana $356.36 million in electronic exports.
With its exceptional performance in the software and electronic exports sector, Tamil Nadu continues to thrive as a major contributor to the country’s economy. The state’s dedication to innovation and providing a conducive business environment has positioned it as a powerhouse in the field. As Tamil Nadu strives to create more opportunities for growth and investment, its success story serves as an inspiration for others to follow.
Source: Business Standard
