Infopark exports hit 11,417 crore in last fiscal; one-fourth growth over previous year

Infopark, Kerala’s premier IT hub, has announced a record-breaking 24.28% increase in IT exports, reaching Rs 11,417 crore in the fiscal year 2023-24. This marks a milestone in the IT major's 20-year history and highlights its substantial growth over the past eight years.

Susanth Kurunthil, CEO of Infopark, attributed this impressive growth to the global digitisation efforts spurred by Covid. “The number of employees has doubled during this period,” Mr Kurunthil noted, highlighting the rise in demand for IT services and innovations driven by the pandemic.

Kochi campus's key role

Infopark Kochi, established in 2004, plays a central role in this achievement. The Kochi campus houses 503 IT and ITeS companies within an 87.46 lakh square feet built-up area and employs more than 67,000 individuals. The Koratty campus in Thrissur district accommodates 58 companies with over 2,000 employees, while the Cherthala campus in Alappuzha district hosts 21 firms with more than 300 employees.

In 2016-17, Infopark reported IT exports valued at Rs 3,000 crore. At that time, the Kochi campus accommodated 328 companies and 32,800 employees within a built-up area of 70 lakh square feet. By April 2024, Infopark's built-up area had expanded to 92.62 lakh square feet, supporting 582 companies and employing over 70,000 people.

The demand for IT products has been on the rise since early 2020 as companies sought technological solutions to adapt to new business realities. This heightened demand required IT firms to invest in training and development, fueling a sector boom.

Strategic expansion 

Infopark’s strategic expansion across its multiple campuses—located in Kakkanad (Phase-1 and Phase-2), Koratty, and Cherthala—has significantly contributed to its growth and increased employment numbers. The successful capitalisation on global digitisation trends during the pandemic underscores Infopark’s position as a leading IT hub, reinforcing its pivotal role in Kerala’s IT sector and beyond.