Online edition of India's National Newspaper
Sunday, Aug 20, 2006
Google



Karnataka
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Obituary |

Karnataka - Mysore Printer Friendly Page   Send this Article to a Friend

Software exports from Mysore to cross Rs. 850 cr. this year

Staff Correspondent

`Mysore is number one among 20 tier II cities for the promotion of IT industry'


  • State Government has cleared proposals from 23 companies to set up shop in Mysore
  • New office facility of Infobase and Icad inaugurated at Hebbal industrial area



    FACILITY OPENED: Seer of Suttur Math Sri Shivarathri Desikendra Swamiji (right)) at the new facility of Infobase and Icad at Hebbal industrial area in Mysore on Saturday. STPI Director B.V. Naidu and Infobase CEO Mahesh Nagarajaiah are seen. — PHOTO: M.A. SRIRAM

    MYSORE: Software exports from Mysore are expected to more than double from Rs. 400 crore last year to Rs. 850 crore this year.

    Participating in a function organised to inaugurate the new office facility of Infobase and Icad, a software and engineering design and development company, here on Saturday, Director of Software Technology Parks of India (STPI), Bangalore, B.V. Naidu said Mysore, which had been recognised as a leading tier II city, had exported software worth Rs. 210 crore during the first quarter.

    Based on the first quarter results, the export of software from 42 companies registered with STPI in Mysore in 2006-07 had been projected to cross the Rs. 850-crore mark, he said. Leading software companies such as Infosys, Larsen and Toubro and Software Paradigms India (SPI) had contributed to IT exports from Mysore.

    The Government of India had acknowledged Mysore as number one among the 20 tier II cities in the country for the promotion of the IT industry, Mr. Naidu said.

    The State Government in the last few months had cleared proposals from 23 new IT companies for setting up shop in Mysore, he added.

    He said many IT companies based in Bangalore were looking to expand in Mysore. He asked local authorities in Mysore to brace themselves for an influx of software professionals into the city. Mr. Naidu said software companies in Mysore should come together to create a brand for themselves. Mr. Naidu said the global knowledge economy would be worth $ 1 trillion by 2015. "By 2015, the Indian IT industry is expected to contribute 6 per cent to the national GDP," Mr. Naidu said.

    Chief Executive Officer of Infobase and Icad Mahesh Nagarajaiah said the company, which had spent Rs. 12 crore on its new facility, had recruited over 100 professionals in Mysore. "We intend to spend Rs. 30 crore on another campus," he said.

    He said the Mysore facility of their company situated in Hebbal Industrial Area would soon become its head office.

    "We are planning to shift our corporate office from Bangalore to Mysore," he said. Seer of Suttur Math Sri Shivarathri Desikendra Swamiji inaugurated the company's new facility.

    Chief Operating Officer of the company J.P. Shivakumara Swamy was present.

    Printer friendly page  
    Send this article to Friends by E-Mail



    Karnataka

    News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Business | Sport | Miscellaneous | Engagements |
    Advts:
    Classifieds | Jobs | Obituary | Updates: Breaking News |


  • News Update


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | Sportstar | Frontline | Publications | eBooks | Images | Home |

    Copyright 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu