Gujarat has potential to lead next wave of growth in IT:Mittal

"I think we have just started touching the IT space in Gujarat. In the wake of demand, we see business growing in 44 cities of the country, out of which Ahmedabad, Vadodara and Surat have clearly emerged on the top," Nasscom President Som Mittal said, while speaking at IT Summit-2010 organised here.

Mittal said, it seems that two or three big names in the IT sector are looking to establish base in Gujarat, which could build up the momentum as in the case of Hyderabad, Chennai and Pune in past.

Satyam Computer Services (SCS) now known as Mahindra Satyam today indicated that it will be establishing a base in Gujarat, after getting a strong recommendation from an joint internal panel.

"A combined internal panel of Satyamites and Tech Mahindra have recommended that we grow in Gujarat. Its too early to comment. I could be talking to private sector for growth or I could be talking to Gujarat government," Mahindra Satyam CEO C P Gurnani told PTI.

SCS, had proposed to set up a IT Park in Gandhinagar in December 2006 near the TCS project, but after the multi crore fraud came out in the company, it had abandoned the project and surrendered the land.

"A study conducted by Nasscom reveals that the current revenues in this year will be in excess of USD 70 billion, including the services sector," Mittal said.

Nasscom has projected the revenues to touch USD 225 billion mark by 2020.