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State can be an IT hub: Infopark CEO

Dubai: Kerala can well become an IT hub as the advantages enjoyed by Bangalore, India's ‘Silicon Valley,' start to wear thin, said Gigo Joseph, CEO of Infopark Kochi, here recently.

Mr. Joseph said congestion in India's leading IT hubs had presented Kerala with an opportunity to market itself as an alternative investment destination for IT and IT-enabled services (ITES) companies.

“Moreover, IT companies now prefer to set up base in Tier-2 and Tier-3 locations because of their lower operating expenses,” Mr. Joseph said.

A study by the Associated Chambers of Commerce and Industry of India suggested that Bangalore's credentials were on the decline for a number of reasons, most of all, infrastructure. It added that 55 percent of the IT companies located there preferred to shift operations to other sites. By 2015, Kerala is expected to have 2,00,000 direct job opportunities in IT and related industries. — PTI

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