Hyderabad: The Software exports from Hyderabad are likely to touch Rs 64,000 crore in the current financial year 2014-15. Speaking to media persons on the sidelines of an event, Telangana IT Secretary Harpreet Singh said that the software exports have continued their upward trend and are likely to register an increase of 13% compared to previous year.

While the software exports were about Rs 57,000 crore or roughly $10 billion in the year 2013-14, this year they are likely to touch Rs 64,000 crore. Further, he said that the IT Sector is likely to witness an addition of 20,000 employees which would take the total IT workforce in Hyderabad to 3.4 lakh. Singh hoped that the establishment of T-Hub would encourage youth to start their own IT companies.

Source: THI