News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Rediff.com  » Business » Pune next stop on IT expressway

Pune next stop on IT expressway

By BS Regional Bureauin Mumbai
March 22, 2006 12:02 IST
Get Rediff News in your Inbox:
Reacting to Maharashtra Finance Minister Jayant Patil's budget proposal to make Pune a knowledge corridor, top IT honchos said the step was long overdue Pune is considered a prominent destination for IT firms.

Patil, in his budget speech, had announced that the state government was making all out efforts to promote Pune as an IT city.

"The government's efforts are meeting with success. The share of BPO and KPO units from this region is 23 per cent of the total business generated by these units at the national level," Patil said.

Ravi Pandit, chairman and CEO, KPIT Cummins, and president of the Mahratta Chamber of Commerce, Industry and Agriculture, said, "The step will ensure that the area will be under focus as a growth driver for the state. The decision will also equip the city with adequate infrastructure," he said.

Noting that the IT sector is growing at 30-40 per cent per annum, "The government's thrust should translate into action. This will help in putting in place better infrastructure, electricity, power and water here," said Santosh Madbhavi, head of Xansa's Pune centre.

Echoing the sentiment, Vishwas Mahajan, CEO, Compulink, emphasised the need to develop infrastructure. "We have everything except infrastructural support to turn into an IT city," he pointed out.

"The decision will create an atmosphere to enhance knowledge corridor between Pune and Mumbai," said Vijay Bhatkar, chairman, Dishnet DSL and ETH Research Lab.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

Get Rediff News in your Inbox:
BS Regional Bureauin Mumbai
Source: source
 

Moneywiz Live!