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Odisha plans road shows to woo IT investors

Source : BUSINESS_STANDARD
Last Updated: Mon, Nov 12, 2012 19:40 hrs

In a fresh attempt to woo the IT (information technology) investors and project Odisha as a favourable IT destination, the state IT department plans to organise road shows both at the national and international circuits.

“The IT department in association with Idco (Industrial infrastructure Development Corporation of Odisha) will organise road shows both in and outside the country to attract investors (both software and hardware) for the Info-valley project located on the outskirts of the city,” said an official source.

In the international circuit, the state government will hold road shows in Silicon Valley, Singapore and Taiwan. Similar, shows will also be organised in Hyderabad, Bangalore, Pune, Delhi within the country.

The Info-valley, spread over 600 acres of land, is developed jointly by Idco and IT major, Infosys. The IT bellwether was allotted 45 acres of land and it has started construction work for its second campus recently. The development of Info-valley assumes significance as it falls within the area identified for the establishment of IT investment region (ITIR) over a stretch of 40 sq km (around 10,000 acres) between Bhubaneswar and Khurda. The implementation of the proposed ITIR will cost about Rs 17,883 crore.

In the meantime, the state government is also giving the final shape to its new ICT (information & communication technology) policy that will be readied in 2-3 months.

Officials say, the new policy will emphasise on giving incentives to the investors, pricing of land for IT and ITes companies to make it competitive with IT hubs in cities like Vizag, Indore, Nagpur, Chandigarh etc.

The surge in investment proposals during 2007-08 by IT investors had raised expectations of an IT boom in the city. But investments have taken a back seat after the slowdown of world economy in 2008. IT and IT enabled services (ITes) are expected to create 30,000 new jobs in the state in the next two years with IT bigwigs like Tata Consultancy Services (TCS), Infosys and Wipro looking to ramp up headcount. It may be noted that, the software exports in Odisha have registered a growth of 17 per cent in 2011-12 compared to 2010-11.




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