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Virendra Pandit

10 more companies moving into InfoTower-II

Ahmedabad , July 30

With 10 more information technology and IT-enabled services (ITeS) companies flocking to the Gandhinagar-based InfoCity, the Gujarat capital would see about 40,000 new jobs being created in the sector in the next four years.

The InfoCity, an IT park developed in the last decade , is currently home to about 7,000 employees in 42 companies that set up shop in the InfoTower-I.

Now, with 10 more companies moving into InfoTower-II, another 6,000 jobs are expected to be generated by this year-end.

With the construction of InfoTower-III scheduled to be completed next year and subsequent towers on the anvil, the number of jobs to be created in the city would reach around 40,000 in the next four years, according to Mr Anupam Saxena, Director of Creative IT Inc, Florida, which set up the joint venture with the State Government's Gujarat Informatics Ltd, through the Creative InfoCity Ltd, as a special purpose vehicle (SPV), a decade ago.

The total investments made by the Creative Group, promoted by a Gujarati NRI, Mr Dilip Barot, in creating infrastructure in InfoCity was about Rs 100 crore in a 115-acre area. The IT companies that set up their business in the complex had also invested around Rs 100 crore, Mr Saxena told Business Line.

In InfoTower-II, the 10 new companies have invested about Rs 60 crore.

Among the companies that have set up shop are Microsoft which had initially invested Rs 15 crore for setting up a laboratory for the Indian languages.

Tata Consultancy Services, too, has set up shop in the complex which also boasts of two incubators to give the IT companies a feel of the place before they finally decide to move in.

The operational cost here is less by about 70 per cent compared to Bangalore, Hyderabad, Mumbai or Gurgaon.

Earlier, Mr Saxena told a news conference that InfoTower-II is designed and managed to support ITeS, business process outsourcing, IT manufacturing, knowledge process outsourcing, software development and related businesses with a 24/7 work culture. Already, about 80 per cent of its 1.25 lakh sq ft area had been occupied. InfoCity was a model of public-private partnership in the State in creating a residential-cum-office complex, a city-within-the city, he said.

More Stories on : Infrastructure | Employment | Gujarat

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