Hyderabad IT exports at new high

[snoww]

Hyderabad: IT exports from Hyderabad touched a new high of Rs 1.09 lakh crore for 2018-19, growing at 17 per cent, which is nearly double the nation’s nine per cent growth rate.

The sector employs about 5.5 lakh personnel now, against 4.85 lakh the previous year. The indirect employment created will be four to five times. The city will continue to exhibit similar growth trends due to the mature ecosystem and enabling infrastructure present here, said industry leaders.

 

Addressing a press conference here on Monday, Hyderabad Software Enterprises Association (HySEA) president Murali Bollu and Software Technology Parks of India Hyderabad Director Ram Prasad said the IT workforce in Hyderabad is likely to touch 10 lakh in about four years.

“In the first half of 2019, about 38.5 lakh sq ft commercial space has been absorbed. A bulk of the space has been taken by the IT, ITeS and startups. Various estimates suggest that about 50 million sq ft commercial space will be available in about five years. This is based on commitments from companies. It implies an additional employment potential for five lakh people,” he said elaborating on how the current 5.5 lakh employment could double in five years.

Sustained growth

“Hyderabad now has a set industry and will continue to grow at the current pace or even more. Presence of infrastructure, availability of skilled manpower, presence of a large number technical education institutions and a proactive government are the key drivers for the industry,” said Ram Prasad of STPI, explaining the favourable factors.

The industry has added about 65,000 new jobs during 2018-19. However, the sector is seeing double digit attrition. “The attrition in the industry could be about 20 per cent. This is not unique to Hyderabad and similar figures are visible for the rest of the country as well. However, the attrition implies that people are also able to find new jobs,” said Murali.

New key areas

Machine learning, artificial intelligence, data analytics and blockchain will be the key areas that will create new jobs. “IT professionals should focus on continuously learning new skills to be relevant at work,” he said. HySEA, on its part, has been working with its members and institutions to bridge the skill gap. He said the skill gap is widening and it is time to revamp the curriculum to reduce the training period for freshers. Earlier, it used to take about a year
to train newbies but now it is around six months and there is scope to bring this down further.

The average salaries for freshers are pegged at Rs 3.5 lakh. It goes up to Rs 6 lakh-Rs 6.5 lakh for those equipped with additional skills.

[kevinUsa]

ink5l people add aitay city  assam train

[boeing747]

Super ga

[kevinUsa]

6 minutes ago, boeing747 said:

Super ga

ee mata  hyderabad realestate inko10%  raise chestaru

endi vayya meru

@samaja_varagamana  illu eppudu kontadu

[snoww]

2 hours ago, kevinUsa said:

ink5l people add aitay city  assam train

IT offices need to expand to some other parts of the city to balance. But that is not happening. Companies are not preferring other areas of the cities or other cities. 

[boeing747]

1 hour ago, kevinUsa said:

ee mata  hyderabad realestate inko10%  raise chestaru

endi vayya meru

@samaja_varagamana  illu eppudu kontadu

bro, neku enni acres unnai hyd lo..

[tacobell fan]

4 minutes ago, boeing747 said:

bro, neku enni acres unnai hyd lo..

Devarakota, Devarakota lo Mamidi Thota oka 25 unnayi

[RaaoSaab]

Thank you KTR

[boeing747]

3 minutes ago, tacobell fan said:

Devarakota, Devarakota lo Mamidi Thota oka 25 unnayi

neelanti srimanthudiki oka lekka enti

[jpismahatma]

Lavdale pulka ktr build up.a PowerPoint lo 1.05 cr endhi? Jaffa.. na jafda..

[snoww]

1 hour ago, RaaoSaab said:

Thank you KTR

Thank You Father of IT in India Sendraal Saar 

[r2d2]

#maaggaavale

[snoww]

2 hours ago, r2d2 said:

#maaggaavale

Modi kutra