TIE - Infopark interaction
‘Tier 1 Indian cites to lose IT jobs to tier 2 cities’
May 29th, 2008 - 5:15 pm ICT by admin -
Kochi, May 29 (IANS) In five years, 1.7 million jobs in Information Technology (IT) sector in India
will move out of tier 1 cities like Delhi, Mumbai, Pune, Bangalore and Hyderabad, to tier 2 cities, Siddhartha Bhattacharya, Infopark’s chief executive officer, said here. Bhattacharya was speaking Wednesday at a discussion organised by The Indus Entrepreneurs (TiE), a global not-for-profit organisation promoting entrepreneurship. Infopark at Kochi is a state government-owned IT Park.“The data transmission cost from Kochi is low. Seventy-five percent of the country’s data traffic goes out from Kochi. VSNL has a 15 gigabyte gateway here. The electricity and water tariffs are one of the lowest among all the states. Compared to Bangalore, house rent is low in Kochi. The attrition rates in IT companies are below 10 percent.”
At present around 40 companies in the Infopark employ around 7,000 people. “In next four years we expect the number of companies to go up seven to eight times.”
Infopark is in the process of coming out with a dedicated incubator to help start up companies. “This is an early life support system for start ups. We will help them with issues like government clearance, finance and also help them expand,” he added. Full story
Vallarpadam : final few land to be acquired
Vallarpadam: more owners agree to give up land
Staff Reporter
Consent from 14 landowners at Mulavukad
75 landowners yet to give up land
Cheranalloor landowners waiting for HC verdict
KOCHI: Giving a fillip to the efforts to complete the land acquisition process for the rail connectivity for the proposed Vallarpadam International Container Transhipment Terminal project, the remaining landowners at Mulavukad village agreed to surrender their land.
Fourteen landowners, who are yet to handover the land, have agreed to submit the consent letters to the district administration by Thursday. Full story
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