Information Technology (IT) Industry Boom
The state of West Bengal has promoted foreign direct investment, which has mostly come in the software and electronics field. Kolkata is a major hub for the IT (Information Technology) industry in India. With construction underway of New Town at Rajarhat and extension of Salt Lake's Sector-V, Kolkata is rapidly turning into a preferred IT/BPO destination. More and more businesses are coming to Kolkata to set up their offices, including International Giants such as IBM, Accenture, Cognizant, Texas Instruments, Cisco Systems, Intel Asia Electronics Inc, Deloitte, Sun Microsystems, Honeywell, PwC, HSBC Global Resourcing, Capgemini, Atos Origin, Foster Wheeler, Siemens, Novell. Leading the way in growth have been the Kolkata based startup companies such ITC Infotech.
Kolkata being the One and Only Metropolitan city from East-India have attracted Major Software and Telecom firms across India and Abroad to set up their development centre here. The Eastern Region Council of NASSCOM the premier trade body and the chamber of commerce of the IT-BPO industries in India is situated in Kolkata.
This apart, other big Indian software firms have already made Kolkata their hub of operations for Eastern region of India. Of these Wipro, Infosys, TCS, Tech Mahindra, ITC Infotech, HCL Technologies, MphasiS, Genpact, Tata Interactive Systems, Ramco Systems, Firstsource, CMC Limited, NIIT Technologies, Moser Baer Ltd., Aptech IT, Aegis, Aditya Birla Minacs, Rolta India Ltd are leading the way. Owing to the recent boom in the economy of Kolkata and also the state as a whole, West Bengal is now the third fastest growing economy in the country and the city's IT sector is growing at a rate of 70% per year — twice the national average. With the proposed cable landing station in the coastal West Bengal in the offing, the city is going to offer even better infrastructure for I.T.
Read more about this topic: Economy Of Kolkata
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