State beats southern peers in IT infra projects
Karnataka leads with 57, Andhra 2nd with 46, TN & Kerala follow
Recession may have put paid to big ticket ambitions of global corporations.
The economic slowdown sending majority of them into cost-cutting mode reining in their IT spends. However, closer home, though, global developments have not, in anyway, dented investments in IT & ITeS infrastructure projects by private developers, across southern states of India. And given it’s iconic status as Silicon Valley of India, Bangalore, in particular, & Karnataka, in general, as ever, lead from the front.
Being the most proactive State, and most sought after IT destinations, Karnataka, and Bangalore, have bagged most number of IT & ITeS infrastructure project investments compared to their equally successfully striding southern peers.
According to Confederation of Indian Industry (CII) quarterly update, prepared by ICRA Management Consultancy Services Limited accessed by Deccan Herald, of the 204 IT & ITeS infrastructure projects in Southern India, Karnataka lead with total of 57 projects, followed by Andhra Pradesh with 46, Tamil Nadu & Pondicherry combine 88 and Kerala 13.
While among total 204 projects, 37 per cent of these investments are under execution, 30 per cent of projects have been completed and 28 per cent under planning stage. In Karnataka, from among 57 projects, 16 are under execution, 26 in planning stage, 11 completed as of July 2009. Though investments run into several thousand crore, they have not been declared. What’s more heartening is the State’s plans to push projects into Tier-II cities are bearing results with few lined up in the districts of Mysore & Mandya as well, sources said.
Proposals in play
Those under execution are: Supreme Build Cap’s Rs 222 crore Global Tech Park at Deverabisanahalli. IBC Knowledge Park’s Rs 82.2 crore STP on Bannerghatta Road. Jaypee Group’s Rs 20 crore STP at Electronic City. The Rs 375 crore IT Pritech Park-II at Bellandur by Primal Projects. Bhoruka Group’s Rs 250 crore Bhoruka Tech Park at Whitefield. Upkar Software Facilities Software Development Centre on Hosur Road.
Fortune Builders & Developers STP. Harita Projects IT Park at Electronic City. Tata Group’s Project at Mahadevpura. Immaculate Holdings Immaculate Grands IT Park. Fortuna’s Tech Park at Electronic City. Kaushtubha Project’s IT Park at Devanam Plaza, Bangalore. Pallonji Group’s IT Park at S P Infocity, Mysore. Adarsh Prime Project’s IT Park in Bangalore. Ashtha Infrastructure’s IT Park at Electronic City and India Builders Corp’s Knowledge Park-Tower.
Those proposed are: Sri IT Park. Vaswani Group’s IT Park. Sunil Mantri’s Mantri Axis. Gulf Oil Corporation’s IT Park at Yelahanka. Harita Project’s, Salarpuria Project’s IT Park at Koorgalli. Nova Hamlet Ltd’s Software Park at Mysore. Abharana Infotech’s IT Park at Hebbagodi. SR Constructions IT Park at Mysore. Kalyani Developer’s at Koorgalli. Kruthi Computer Services’ STP at Mysore. Alliance Infrastructure’s STP, Pathak Constructions Pratham Tech Park at Mettagalli. Adarsh Prime Project’s Adarsh IT Park at Whitefield. Team 4ce Friendly Consortium’s IT Park at Mandya and Sita Lodge’s IT park at Bandapur.
