The Bangalore chapter of Software Technology Parks of India (STPI) has registered a 25 per cent growth in overall IT exports , as against 33 per cent growth registered during the previous fiscal (2001-2002).
Software exports from Bangalore STPI were at Rs 12,350 crore for the fiscal ended 31 March 2003. They fell short by 15 per cent when compared to the projected growth rate of 40 per cent.
According to BV Naidu, the director of STPI-Bangalore:
