Addressing the media at a roadshow for the states annual ICT event, Connect 2004, Tamil Nadu IT secretary Vivek Harinarain said that the city ranked far ahead of other cities in terms of support to the IT and BPO industry.
Chennai has abundant land resources available for the IT and BPO industry. About 50 lakh sq ft of land suited for the industry would be available this year, besides the governments initiative to build the IT corridor.
Mr Harinarain said that the TN government was consciously developing the IT and BPO industry in the suburbs, outside the central business district.
Wipro To Spread Wings In Chennai
Wipro has sought 85 acres of land for expansion near its facility in Chennai and about 25 acres more for setting up a new facility in Coimbatore, said Mr Harinarain.
He said that Chennai had the lowest attrition rate in the BPO industry at seven to 13 per cent, compared to cities like Bangalore, Hyderabad and Mumbai, where it ranged from 50 per cent to 100 per cent.
Mr Harinarain said that the stamp duty for the knowledge industry in Tamil Nadu was the lowest in the country, after the state government had slashed the duty by half at four per cent.
The state also had good bandwidth connectivity with availability of 13.5 terabytes per second, he said.
Chennai currently has 925 IT firms, of which 100 were added last year.
The four-day Connect 2004, which will focus on the domestic IT industry and manufacturing, will see 250 firms participating in it, apart from about 25,000 business viitors.