3 posts tagged “location: pune”
Oct 2, 2007
NEW DELHI: Reflecting the immense potential of India's information technology and outsourcing prowess, five Indian cities are among the top 10 global emerging outsourcing destinations with Chennai topping the list. [Note: Bangalore is considered to be established]
Among the top 10 cities, Hyderabad is ranked at the second position followed by Pune (3rd), Kolkata (5th) and Chandigarh (9th).
The study jointly carried out by Cyber Media's Global Services magazine and investment advisory firm Tholons has drawn up a list of 'Top 50 Emerging Outsourcing Cities' and India is represented with six cities including Coimbatore (21st) while China has five cities.
The Philippines city of Cebu (4th), Vietnamese city of Ho Chi Minh (6th), Colombo (7th), Shanghai (8th) and Beijing (10th) have also found a place in the top-10 chart.
"With the demand-supply gap widening, newer Tier II cities will play a critical role in re-engineered globalisation models," said Tholons Chairman and CEO Avinash Vashistha.
Low cost, developed infrastructure, skilled workers and low attritions are the main reasons for Chennai bagging the top spot.
"Chennai is expected to house more than 73,000 workers of the top three Indian IT companies (TCS, Infosys and Wipro) by 2010," the report said.
In addition, it point out that Chennai is an established location for automotive engineering services, product development and health care BPO. It also houses big names like Accenture, Cognizant, TCS, Infosys, IBM, Satyam and Sun Microsystems.
Source - Thapar Homes Blogspot.com
Thursday, October 11, 2007
Study Identifies 17 Corridors With High Investment Potential
Corridors are usually extensions of tier I and tier II cities, and feed off the existing talent pool of these cities
Rapid urbanization, the scarcity of land in large cities and improved infrastructure in the hinterland has resulted in the emergence of 17 new industrial corridors in the country that are rapidly becoming preferred destinations for investment.
This is the finding of a study by real estate advisory Cushman and Wakefield. The study says these corridors are usually extensions of tier I and tier II cities and feed off the existing talent pool of these cities.
The study identifies Hinjewadi near Pune, Manesar near Gurgaon, Sriperumbudur near Chennai, Greater Noida near New Delhi and Noida, Panvel, Thane and Virar near Mumbai, Rajarhat near Kolkata, Bidadi near Bangalore and eight others as corridors that have high investment potential.
It says firms are beginning to explore newer locations because of limited availability of large land parcels in the metropolitan cities. These suburban and peripheral developments are a cost saving and risk diversification measure.
The study rates the corridors on parameters such as physical and social infrastructure, and government policies among others. Hinjewadi and Manesar score the highest on all parameters. These two locations will likely benefit from their proximity to Pune and Gurgaon, respectively.
The study also says that both corridors have adequate land banks available for large developments such as special economic zones or townships.
"I think industrial corridors will offer real estate opportunities," said Arvind Parekh, chief financial officer of Omaxe Ltd, a real estate developer. These corridors will need "townships and residential developments," he added.
Omaxe has residential projects in Greater Noida, "because there is a possibility of an airport coming up either in Greater Noida or Noida," Parekh said.
Other locations, such as GST (the area takes its name from the Grand Southern Trunk road that passes by it), Sriperumbudur and Shamshabad near Hyderabad also present similar investment potential.
Sriperumbudur is emerging as a manufacturing hub, while the services sector is more active in GST and Shamshabad.
SOURCE: LiveMint/04-10-2007/P-7
Oct 11, 2007
With the launch of its 8Mbps Broadband service, Airtel has become the first service provider in the country to offer such high speed Broadband.
Especially when existing Broadband speeds are not more than 256 KBps to 4Mbps.
With 8Mbps, Airtel Broadband customers will now be able to browse multiple windows even as they download heavy files, view streaming videos, enjoy online gaming, chat, email, and so on. Airtel claims customers will no longer need to wait for videos to get buffered while watching streaming videos.
Initially, the 8 Mbps Broadband service will be made available in Bangalore, Chennai, Pune, Kolkata, Delhi, and the NCR region, with a subsequent roll-out planned in Mumbai and Hyderabad.
Airtel is working on price points for its offering, though prices are likely to be roughly in the region of Rs 2,000 per download (7 to 8 Gbs). Besides, for customers who do not want a 24-hour 8 Mbps speed, the company is working out other tariff plans to make the service available for shorter periods of time.
