Tuesday, July 05, 2011

Kerala to become new Sillicon Valley 

Kerala is expected to become an IT hub soon. Bengaluru is now at some disadvantageous place to remain as IT hub.

The CEO of Infopark Kochi while talking to Gulf News, said that there is congestion in India's leading IT hubs at present. But Kerala presents an encouraging picture in this respect. It offers a unique opportunity to market itself as an alternative investment destination for IT and IT-enabled services companies. Kerela presents lower operating expenses as compared to other IT hubs. It has the advantage of Tier 2 and Tier 3 locations.

A study by the Associated Chambers of Commerce and Industry of India says that 55% of IT companies located in Bengaluru prefer to shift their operations in Kerala.  Bengaluru has the risk of crumbling infrastructure at present which is putting it a disadvantageous situation. 

It is expected that by 2015, Kerala would offer 200,000 direct job opportunities in IT and related industries. Infopark is also expected to create more than 100,000 jobs.

Source: Economic Times

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