IT cos shifting base out of Orissa

Recently, Posco ICT Company Ltd, a subsidiary of South Korean steel Major Posco, had decided to pull out of the state.

Now, Mindtree, an IT consulting firm, also decided to shut down its operations in the city here. In 2006, the state government had allocated 20 acre land at Chandaka Special Economic Zone to set up software development centre. In last May, the state government cancelled the land lease as the company was yet to start its project here.

Likewise, Genpact also met the same fate and the land lease for its Global Delivery System centre was cancelled for same reasons.

Besides, projects of IT majors like ICICI, DLF IT park, Raheja Group and Gensar Technology failed to took off.

Notably, the Software Technology Park of India (STPI) earns an annual export revenue to the tune of over Rs 1300 crore. As many as 100 companies are registered under STPI. Besides Infosys, no other IT company has showed remarkable progress in the state.

The state government had earmarked site for Infocity-II in the outskirts of the city. However, the infrastructure development of the proposed IT park is moving at snails pace.

The state which was once seen as a favourite destination for investment has seen decline in influx of IT companies due to tardy rate of infrastructure development.

Meanwhile, the state IT minister has said, the issue would be taken up at a high-level meeting after the current Assembly session is over.