Announcing this at a press conference here
today, the Director of Software Technology Parks of India (STPI), Mr B.V. Naidu,
said that Bangalore continued to attract more IT companies. Foreign companies
with 100 per cent foreign equity numbered 110 in 2003-04 and invested a total of
Rs 1,970 crore in the State during the year.
"Clearly, despite the reservations about
outsourcing in the West, Bangalore and India are attractive destinations for
outsourcing software and ITES/BPO activities,'' said Mr K.M. Shivkumar,
Principal Secretary for IT and Bio-Technology, Department of Information
There has been aggressive growth in investments
in the ITES/BPO sector, said Mr J. Parthasarathy, Additional Director,
STPI-Bangalore, with Rs 1,916 crore invested during the year, compared with last
year's Rs 512 crore. The ITES/BPO sector employs about 60,000 people, with the
sector contributing over 13 per cent to the total export kitty.
Hardware exports under the EHTP (Electronic
Hardware Technology Park) scheme grew 21 per cent to touch Rs 1,700 crore, said
Mr Parthasarathy, adding that new investments were expected to be announced
STPIs in other cities in Karnataka too were
doing well, with Mysore clocking Rs 180 crore and Mangalore/ Manipal registering
Rs 456 crore in exports.
Mr Naidu said that pressure on ITES sector on
the recruitment front will be eased as more secondary cities and the STPI parks
speed up. He added that the STPI was working with the Government in improving
training standards for graduates and potential employees in the sector.
STPI's international communication services and
Internet grew during the year as did its new technical consultancy services -
with projects for the Central and various State Governments, and e-governance
projects, Mr Naidu said.