Chandigarh to be Country’s New IT Hub

May 1, 2007	(1 votes, average: 5 out of 5)  Loading ...
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Bangalore, the “Silicon Valley of India”, which comprises more than 1,500 top multinational companies under its umbrella, seems to be losing on an account of its poor infrastructure facilities.

Till now companies looked at Gurgaon, Mumbai or Bangalore whenever they thought of setting their establishments. Now, the conducive environment of Chandigarh and India’s “breadbaskets” are largely attracting the attention of Multinational Companies. With large opportunities for the corporate sector, the city has opened doors to welcome them. Also, the availability of educated and proficient manpower makes the city a strong contender to experience the next wave of IT growth.

The IT industry sees the city to possess great potential to treat a broader spectrum of corporate clients than Bangalore, says Kiran Karnik, President of the National Association of Software and Service Companies (NASSCOM), the Indian chamber of commerce that serves as an interface to the Indian Software Industry and Indian BPO industry.

Chandigarh is already a home to a number of IT companies. Infosys, India’s second largest software company, was among the first to step into the city and start their operations from its complex spread over 30 acres in the Rajiv Gandhi Chandigarh Technology Park (RGCTP).

Also, the cosmopolitan outlook of the people and the IT investment friendly government policies make Chandigarh an ideal destination for many serious IT companies.

Highly ranked by NASSCOM, the city is rightly hoping to benefit a lot from a booming market that the country dominates. India’s software sector expects exports to rise 33 per cent to $31.3 billion in the fiscal year which ended on March 31. Contrary to this, the Philippines had earned $3.6 billion from outsourcing revenues in 2006.

Property developers, too, are looking forward to reap good benefits as it will certainly push the prices of commercial property in Chandigarh. The development of IT Park had already brought a hike in property prices like never before. A small land plot which was earlier easily available for Rs 2.5 million is today unavailable for 10 million Indian rupees.

News Published Under:   Chandigarh |