IT exports from STPI-Bengaluru exceeds Rs 4.5 lakh crore in FY25
STPI-Bengaluru reported IT exports exceeding ₹4.5 lakh crore in FY25, reflecting strong growth in Karnataka's tech sector. Major boost for India's digital economy.
IT exports from STPI-Bengaluru exceeds Rs 4.5 lakh crore in FY25
Bengaluru, 9 June
Software Technology Parks of India (STPI)-Bengaluru has achieved IT exports exceeding Rs 4.5 lakh crore in the last financial year (FY25).
“STPI Bengaluru Directorate has been instrumental in nurturing the IT industry and tech startups ecosystem in the state of Karnataka. Over the years, the jurisdiction has strategically expanded its footprint through five sub-centres in Mysuru, Hubballi, Mangaluru, Manipal, and Davanagere. In FY 2024-25, STPI-registered units under STPI-Bengaluru jurisdiction have done software exports of around Rs 4,53,593 crore. STPI Bengaluru empowers India's tech industry with 79000 sq ft of workspace,” STPI said in a release.
According to STPI, the Bengaluru division has served as a launchpad for several key initiatives. These include the establishment of the SMART Lab, data centre, Centres of Entrepreneurship (CoEs) such as the IoT OpenLab and Efficiency Augmentation, as well as AIC STPI Bengaluru.
These initiatives have not only created employment but also helped in several innovations coming from startup ecosystem. The IoT OpenLab has successfully nurtured 102 startups, the efficiency augmentation 14 startups and the AIC STPI 61 startups respectively, the IT exports body said in a release.
“STPI started its journey with three centres, and at that time, the IT industry was at a nascent stage. Now, STPI has 67 centres across the country and these centres have played a vital role in transforming the IT industry. In 2024-25, the exports done by STPI registered units have reached to more than Rs 10 lakh crore,” Arvind Kumar, Director General of STPI said on the 34th Foundation Day of STPI.
“STPI is nurturing the tech startup ecosystem across India through its 24 Centres of Entrepreneurship (CoEs) and NGIS and supported more than 1400 startups. Startups empowered through the STPI ecosystem have raised funds of Rs 574 crore from investors so far,” Kumar added.
Notably, STPI-Bengaluru division is one of the important centres, contributing more than 45 per cent of India’s total IT exports.
