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Noida new hub of IT firms

Bangalore, May31,( Truth Dive) Bangalore might lose its status of the most preferred hub of IT companies if the survey reports are to come true. 800 CEOs, CFOs and managing directors of both Indian and multinational companies took part in  the survey  that was conducted in five cities where they saw the best advantage to operate from. Assocham claims that nearly 30 per cent evinced interest in moving to Gurgaon, while another 25 per cent were willing to move to Noida. About 20 per cent wished to shift to Chandigarh, 15 per cent to Pune and 10 per cent to Hyderabad, their report stated.

A survey undertaken by Associated Chambers of Commerce and Industry of India (Assocham), secretary general D S Rawat said, “The growth explosion in Bangalore has pushed the city towards serious civic issues.The problems are power shortages, inadequate and unreliable water supply, heavy traffic, roads and also poor sanitation facilities,”. Gurgaon’s cosmopolitan culture, modern infrastructure, availability of skilled workforce and closeness to Delhi, along with industry friendly government policies are the factors which give it an edge over Bangalore city,” Rawat said.

Four of India’s five largest IT and IT-enabled services (ITeS) vendors, including Tata Consultancy Services Ltd (TCS), Infosys Technologies Ltd, HCL Technologies Ltd and Cognizant Technology Solutions Pvt. Ltd, are now earning the largest chunk of their SEZ revenue from outside Bangalore. Wipro Ltd, India’s third largest software firm, is the only exception.

Software export revenue from SEZ units in Tamil Nadu totaled Rs.8,152 crore in 2009-10, higher than the Rs.7,993 crore accumulated by similar SEZs in Karnataka.

Hyderabad, the capital of Andhra Pradesh, saw annual software export revenue from SEZs grow fivefold to touch Rs.3,254 crore in 2009-10.

And Noida, a suburb of national capital New Delhi, witnessed the largest number of new SEZ registrations at 132, against 77 in Bangalore.