Apartments in Bangalore

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According to a survey conducted by Associated Chambers of Commerce and Industry of India (ASSOCHAM), the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon as fifty five percent IT companies in Bangalore prefer Gurgaon and Noida to relocate operations.

The survey also finds out that Bangalore is losing its sheen due to crumbling infrastructure, compelling many companies to head towards more convenient and industrial-friendly centres. Leading IT and ITeS vendors prefer to shift their focus from Bangalore to other satellite cities like Noida and Gurgaon for more revenues.

Civic issues like roads choked with vehicles, frequent power outages, erratic water supply and poor sanitation is making Bangalore lose its luster to Gurgaon and Noida.

ASSOCHAM interacted with 800 directors, CEOs, CFOs, chairmen and managing directors of Indian and multinational companies in various verticals.

Gurgaon, Noida, Chandigarh, Pune and Hyderabad-Five cities were chosen to relocate businesses to garner more revenues. 30 per cent top-ranked officials of IT companies said they preferred Gurgaon, 25 percent wanted to relocate operations to Noida, about 20 per cent preferred Chandigarh, 15 per cent of respondents said that they prefer Pune and 10 percent wanted to relocate their business to Hyderabad.

mybangalore.com/article

Tags: ASSOCHAM survey, Bangalore, Bangalore IT Companies, Bangalore might lose IT status, Companies shift their focus from Bangalore, IT Capital, IT Companies shift their focus from Bangalore

This entry was posted on Tuesday, May 31st, 2011 at 7:44 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.