Sunday, August 7, 2011

Tamil Nadu plans road shows to boost IT investment

While the below is a welcoming news, the laying of 120 feet road connectling IT Park to Pudukottai Highway would increase the marketing impact immensely. The Govt should also be transparent on the significant oustanding issues and a solid game plan to address them to earn the Business confidence. Trichy, naturally, has the virtue of it's locational advantage and is underutilizied. We will monitor how this effort turns out.

News from The Hindu as below:

In its bid to make Tamil Nadu a global IT hub after its success in attracting automobile majors, the state government has plans to conduct road shows across the state in coming weeks to attract more investors to Information Technology Special Economic Zones.

At present, eight IT-SEZs are being set up at Sholinganallur near Chennai, Coimbatore, Madurai (two SEZs), Tirunelveli, Tiruchirapalli, Salem and Hosur. Total investment by government agency Electronic Corporation of India in these SEZs would be around Rs 532 crore.

Principal Secretary in the State Information Technology department Mr Santhosh Babu said, “We will be conducting road shows in various parts of the State. This will be to attract the companies looking to expand their presence in Tier-II cities.”

Mr Babu, earlier ELCOT Managing Director, said these initiatives would attract more employment in rural areas, resulting in people not traveling to major cities for a job.

Though road shows are mainly considered for “marketing purposes”, it would also help act as a platform for companies looking to expand their presence in Tier II locations, he said.

In the recent budget announcement, Tamil Nadu Finance Minister Mr O Panneerselvam said the state has already become a global destination for IT and ITeS companies.

“Huge infrastructure was created in Tier II cities which will be put to full use by aggressively marketing available space to potential IT companies”, he had said, adding government would continue to facilitate growth of IT and ITeS firms.

Source: The Hindu


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