Inaugurating the third edition of Connect 2003, the information and communication technologies (ICT) event of the state here on Thursday, Mr Jayakumar said the Electronic Corporation of Tamil Nadu (ELCOT) and Bharatiar University would enter into a memorandum of understanding (MoU) to develop a research and development (R&D) park. This is to create opportunities for research in the field of information technology and ITES, he said.
The minister also confirmed that the government would establish an IT park in Coimbatore to provide the infrastructure required by the IT industry to start their operations from that city.
The draft of the states ITES policy has been in the public domain since last year. The main objective of the policy is to make Tamil Nadu the global destination of choice in the ITES space and Chennai a preferred destination for IT. It also aims at promoting tier two cities in the state as major IT centres. The vision of the state government is to make Chennai a business process outsourcing (BPO) capital and to propel Tamil Nadu to the number one position in IT exports.
Stating that the estimated worldwide BPO potential by 2005 would be $234 billion, Connect 2003 chairman and Tata Consultancy Services (TCS) chief financial officer, S Mahalingam, said this market would grow because of the enormous cost and quality advantages.
Companies with niche service areas of operation (banking, insurance, telecom) and those providing shared in-house services could lead the way, he added.
Mr Mahalingam said the requirement was to develop south Chennai into a knowledge industry hub by creating a dynamic environment. This was to be achieved by the establishment of KIT which would provide high quality integrated township facilities for business, living and leisure for professionals in the knowledge industry. It would also have high quality commercial space, residential and entertainment facilities and high class civic amenities.
Connect 2003 is being organised by Confederation of Indian Industry (CII) to showcase the capabilities of Tamil Nadu in ICT as well as the states potential and business opportunities across the entire ICT spectrum.