TCS, Wipro Tech given land papers for Coimbatore centres
Chennai, Sept. 8
Tamil Nadu would require an investment of $5.5 billion to achieve an output of $25 billion in IT, IT-enabled services and hardware by 2011, according to the Union Minister of Communications and Information Technology, Mr Dayanidhi Maran.
The Indian IT, software and ITeS saga has a unique Tamil Nadu flavour and it is not dependent on labour rate arbitrage for its growth, but is powered by high-end knowledge component, he said at Connect 2006, the annual information, communication and technology event organised by the Confederation of Indian Industry and the Tamil Nadu Government that beganon Friday.
The assets need to be further leveraged to increase Tamil Nadu's share of IT, ITES and electronic hardware market revenues to 20 per cent of the total value of exports by 2011.
The State would employ nearly seven lakh people in these sectors by 2011, he said.
Tamil Nadu launched Coimbatore as a model tier-II city to enable the spread of IT and ITeS and decongest Chennai and its suburbs.
The State Government has plans to develop IT parks in Coimbatore, Madurai, Tiruchi, Salem and Tirunelveli, said the Chief Minister, Mr M. Karunanidhi.
The Chief Minister gave away land allotment documents to Tata Consultancy Services and Wipro Technologies for establishing software development centres in Coimbatore.
He also e-launched the Hewlett Packard development centre in the city.
Mr S. Ramadorai, CEO and Managing Director, Tata Consultancy Services, said the company plans to invest Rs 1,200 crore to Rs 1,500 crore in the next 18 months in Tamil Nadu.
This includes the ongoing project at Siruseri on the Old Mahabalipuram Road, to create an additional capacity of 23,000 employees. The company currently employs around 13,000 in the State, he said.
Mr Lakshmi Narayanan, Co-Chairman, Connect 2006 and President and CEO, Cognizant Technology Solutions, said Tamil Nadu is perhaps the only State that can boast of having all of the top ten IT services companies in India, and all the top five global IT services companies.
Just these companies have over 50,000 employees in Tamil Nadu and it is projected to double in two years. The indirect job creation could run into many lakhs, he said.
IT is an industry that is expected to grow from approximately Rs 26,000 crore to Rs 80,000 crore by 2011.This could potentially generate over 4,00,000 direct jobs by 2011. The announced plans of major corporations in Chennai alone would lead to a job market of over 56,000 in the next 12 months, he said.
The three-day event, the sixth edition, will feature a two-day conference and a three-day exhibition. The event's theme is "Creating a knowledge-driven ecosystem," and the highlight of the two-day conference is a power session on Saturday that features speakers such as Mr S. Ramadorai, CEO and MD, Tata Consultancy Services; Mr Anil Ambani, Chairman, Reliance Communications; Mr Shiv Nadar, Chairman and CEO, HCL Technologies Ltd; and Mr Kiran Karnik, President, Nasscom. This session will deliberate on "Vision 2011" for Tamil Nadu and the roadmap the participants envision of the growth of the ICT sector in the State.