Exports from Kerala's IT sector set to touch ₹1 lakh crore: CM
He said that more investment was flowing to the sector as the State offered good connectivity, talent pool and state-of-the-art facilities. The presence of the Vizhinjam port also played a major role. He was speaking after inaugurating the new Research and Development (R&D) Centre set up by Software as a Service (SaaS) provider Zoho Corporation at Neduvathoor in Kottarakara on Wednesday.
6,400 start-ups
Mr. Vijayan said that the State currently had 6,400 start-ups. Approximately ₹6,000 crore in investments had come to the State through these start-ups. Finance Minister K.N. Balagopal presided over the function in which Kodikunnil Suresh, MP, was the chief guest.
Initially, Zoho will recruit 250 young professionals to impart training in cutting-edge domains. Seeram Sambasiva Rao, Secretary, Electronics and Information Technology department; Kerala Startup Mission Chief Executive Officer Anoop Ambika; founders of Zoho Corporation Sridhar Vembu and Tony Thomas, Chief Executive Officer Shailesh Kumar Davey, and Principal Researcher Jayaraj Poroor; and Indian Space Research Organisation former Chairperson S. Somanath were present.
The new R&D campus is located on a 3.5-acre information technology park established by Zoho Corporation.
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