GE Commercial Finance will invest $63 million in the Indian IT Parks Fund, sponsored by Ascendas Pte Ltd.
India's smaller cities and towns would register a faster growth in software and business process outsourcing exports as information technology and BPO firms, backed by booming offshore orders, expand into secondary cities to arrest costs and talent a
Mobile device firm Nokia on Wednesday opened its 120-seater India call centre here to serve local customers in Indian languages.
Software companies registered with STPs in Haryana, UP, Delhi, West Bengal and Orissa have also posted strong growth.
The capital on Saturday received a shot in the arm in its efforts to match the IT hubs of Bangalore and Hyderabad with the inauguration of the city's first Information Technology Park designed for software development and computer based services.
B V Naidu, Director of STPI Bangalore, on Wednesday said that in the last five months 82 firms have come to Bangalore and the value of investment has touched around Rs 700 crore.
The controversy in the United States over outsourcing work in India has led to more business for the country from America and elsewhere as it has highlighted its low cost and expertise, media reports said.
Four companies have submitted applications for starting direct-to-home services in the country, Lok Sabha was informed on Thursday.
Outperforming it's own projections, Karnataka has reported a 52 per cent jump in software exports at Rs 27,600 crore (Rs 276 billion) during 2004-2005 and set a target of Rs 35,000 crore (Rs 350 billion) for the current fiscal.
Coimbatore could become the next IT hub of Tamil Nadu with the state government identifying a tract of land to set up an information technology park there.
Iran on Wednesday said India will set up five information technology parks in the country to train 5,000 personnel.
Offshore projects accounted for over 70 per cent of the total software exports of Tamil Nadu during 2003-04, according to Software Technology Parks of India, Chennai.
Real estate development major DLF Universal Limited, part of the Rs 1000 crore (Rs 10 billion) DLF group, would set up the country's largest information technology park in West Bengal, which would be ready within 24 months.
Karnataka, India's largest software exporting state, is targeting software and services export worth $6 billion in 2004-05 riding on the IT and ITeS growth besides aiming to add an additional 100,000 professionals in the next two years.
Thirty foreign information technology and business process outsourcing firms have committed an investment of Rs 670 crore (Rs 6,700 million) in Bangalore during the first quarter of the current financial year.
Karnataka Chief Minister S M Krishna said on Saturday that the IT task force on hardware would soon submit its recommendations for a comprehensive hardware policy for the state.
Google Inc, the world's largest search engine, is all set to open a high-end research and development centre in Bangalore.\n\n\n\n
Tata Consultancy Services is to expand its existing training college located at Technopark, Thiruvananthapuram, in Kerala, and make it the company's global hub for training.\n\n\n\n
Two more companies are out of the race for acquiring international long distance licence as government is understood to have cancelled the letters of intent issued to Aircel and Noida Software Technology Park.
Siddhartha's knack for value investment dates back to 1995 when he infused capital in Kshema Technologies, which was acquired by MphasiS. He also took an early exposure in Mindtree way back in 1999. Since 1995, he had invested in more than 15 technology companies including chip-designing firm Ittiam Software, and GlobalEdge Technologies, among others, says Debasis Mohapatra.
In a bid to provide reliable data connectivity to the software export companies in the East and North-Eastern India, the Software Technology Park of India will set up two more such parks in West Bengal and one in Manipur.
China is willing to encourage Chinese companies to invest in Indian industrial parks to produce personal computers, Internet equipments, cell phones and televisions.
'Every educational institution should have incubating centres so that students will get exposed to entrepreneurship early.'
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