Software exports rise over Rs 5 lakh cr in FY22 in spite of Omicron wave
By MYBRANDBOOK
According to reports, the surge in COVID-19 cases driven by the fast-spreading Omicron variant is not expected to disrupt the performance of units registered under the STPI scheme with proven remote working protocols already in place.
The value of software exports from the Software Technology Parks of India units is expected to be at over Rs 5 lakh crore during FY22, almost similar levels or a tad higher than the previous year, Arvind Kumar, Director General of STPI said.
The safety protocols activated during the previous waves of COVID-19 have resulted in the adoption of an effective remote working model, and the digital nature of work has enabled STPI units to maintain continuity of services without disruption.
The value of software exports from units registered under the STPI scheme is expected to be a little over Rs 5 lakh crore during FY22, against nearly Rs 4.96 lakh crore in FY21, Kumar said.
Kumar said, ''We will not fall short of the levels achieved in FY21, given that the remote working model has matured and is proven. All the enabling provisions for work from home are already in place, and online approval procedure is ongoing.''
Hence, the rising cases of Omicron in the country are not expected to disrupt the performance or business of these software units. As many as 4,689 units are registered under the SPTI scheme.
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