Kerala bags third position in IT investment
According to analysis done by ASSOCHAM Economic Research Bureau (AERB), the total investments attracted by the IT sector in India grew by 17% to Rs. 2.2 lakh crores in 2015 as compared to an investment of Rs. 46,280 crores in 2005.
While Karnataka ranks the top in India with a 24% share in the IT investments. Gujarat stands second with a 16% share and Kerala stands just below in third position with 13 per cent. The shares of other states are thus: Andhra Pradesh (12 per cent), Tamil Nadu (6.6 per cent), Maharashtra (5.1 per cent), Haryana (5.1 per cent), West Bengal (4.5 per cent) and Telangana (4.4 per cent), as of 2015-16, according to ASSOCHAM. “With state-of-the-art infrastructure available in the State, good internet penetration, physical connectivity (four international airports), and a strong focus towards development of human resources and talent availability, Kerala can bring in more investment in IT sector and bag the top position. The newIT Policy of the Government of Kerala is expected to give the required boost for Kerala to become the top IT investment destination.