Orissa plans to set up 10k-acre IT investment region in Bhubaneswar

Written by fe Bureau | Bhubaneswar | Updated: Jul 12 2009, 05:07am hrs
The Orissa government is planning to set up an IT investment region (ITIR) in Bhubaneswar in an area of 10,000 acres. The state-owned Industrial Infrastructure Development Corp (IDCO) and the Infrastructure Leasing & Financial Services (IL&FS) have been entrusted with the work of identifying the land for the project.

The IDCO and IL&FS have already conducted a study and zeroed in on the region encompassing InfocityI and Infocity-II in Bhubaneswar, said the state IT secretary, P K Mohapatra. The study report would be submitted to the government soon, he added.

According to the scheme, the state government would provide 10,000 acres for the ITIR while the Centre would provide external infrastructure linkages like road, railway, airport and other facilities. Orissa, meanwhile, has consolidated its position as an emerging IT centre with exports crossing Rs 1000 crore mark. The total IT exports from the state touched Rs 1168 crore in 2008-09, registering a growth of 39.5% over Rs 840 crore in the previous year. The national growth rate during the year was 21%. Only two other states, Gujarat and Kerala, in the Rs 1000-crore plus software exports category, have shown higher growth rate than Orissa.

With this, the state is now among top 10 IT states in the country in terms of exports. It has now set an ambitious target of achieving software exports worth Rs 5,000 crore by 2013.

There has been a marked shift in the export trends with IT enabled services (ITES), mainly call centres and back-office operations, showing an upward movement.

While IT exports accounted for 75% and ITES 25% in 2007-08, it was 70% and 30% respectively in 2008-09, said the officer-in-charge of Bhubaneswar Software Technology Park of India (STPI), Manas Panda.

With the Bhubaneswar city getting congested, the state is now making a deliberate effort to develop Tier III cities as IT destinations.