Bangalore is no more the favorite for IT
By siliconindia   |   Monday, 06 June 2011, 16:30 IST   |    45 Comments
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Bangalore is no more the favorite for IT
Bangalore: Bangalore used to be the IT hub in India, but according to a survey by Associated Chambers of Commerce and Industry of India (Assocham), Gurgaon and Noida are now becoming the preferred location for IT companies. Many IT companies are more interested on making up their IT offices in Noida and Gurgaon. The offices include IT, IT-enabled services (ITes), business process outsourcing (BPO)and knowledge process outsourcing (KPO). For the survey, ASSOCHAM interacted with around 800 directors, CEOs, CFOs, Chairmen and MDs of Indian and multinational companies about the choice of five cities to relocate their businesses. 30 percent top-ranked officials of IT companies of Bangalore said they prefer to shift their business to Gurgaon. 25 percent said that they would prefer to shift their businesses to Noida or Greater Noida. About 20 percent said that they would prefer Chandigarh for their business. 15 percent of respondents said they prefer Pune. The remaining 10 percent prefer to relocate their business to Hyderabad. The survey shows that Bangalore is losing its charm because of various reasons like crumbling infrastructure, compelling many companies to head towards more convenient and industrial-friendly centres. Moreover, there are many other reasons like narrow roads, pollution, and rising costs of goods and services , poor infrastructure and problems of power shortages.

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