Hassle-free stay for IT units comes for `Rs 10' rent
The Newindpress.com
Saturday May 20 2006 00:00 IST
HUBLI: When CEOs of IT, ITES and BPO companies land in Hubli on Saturday to participate in a government-sponsored investors' meet, they might just find the region an ideal destination for expansion.
The government is only tempting the air further by offering facilities far superior than in Bangalore at invitation prices.
For instance, if an office space in upmarket Koramangala area in Bangalore costs anywhere between Rs 30-45 per Sq.Ft in monthly rents, the same is offered for Rs 10 at Hubli's newly developed IT park.
There is, however, a caveat. The offer is available only for first comers and restricted to 50,000 sq.ft of space. The next 15,000 sq.ft in the total built up area of 2.70 lakh sq.ft. Will come at Rs 15 per sq.ft in monthly rental. The rest will cost Rs 20 per sq.ft per month.
The State Government which is developing Hubli at a frenetic pace as part of its operation to decongest Bangalore is confident that the bristling commercial centre with its salubrious climate and availability of all critical needs - power, water and access - will emerge as a key tier-II IT destination in Karnataka.
Mckinsey report, after all, reckons Hubli as the next IT hub. Dharwad Deputy Commissioner M S Srikar said the IT park is suitable for small and medium companies.
Big companies may look for large areas of land, which, in any case, is available at affordable prices around the twin cities of Hubli and Dharwad.
According to IT director Rakesh Singh, the Karnataka Industrial Areas Development Board (KIADB) would also offer developed land in Rayapur, Mammigatti and Kelgeri areas in Dharwad district.
The Government is also open to the idea of a high-tech IT city on a 300-acre plot.
The region already hosts all major telecom service providers and is equipped with fibered network with high-speed internet, points out Rakesh Singh.
There are no infrastructure problems, and companies can tap skilled manpower that is locally available in abundance. There are about 180 colleges in Hubli-Dharwad region producing more than 17,000 graduates, he said.
Interestingly, about 80 colleges are already offering BPO-centric training to students.
The civic body of the twin cities too is geared up for meeting the infrastructure needs of investors.
Municipal Commissioner P Manivannan said all encroachments have been razed and wider roads are being relaid.
Being close to Mumbai, Pune, Belgaum and Goa, and connected by air, rail and road are big plusses Hubli has in its favour. And any possible congestion or traffic snarls are still decades away.
Saturday, May 20, 2006
Information Technology Park in Hubli to be evaluated by firms
Information Technology Park in Hubli to be evaluated by firms
The Hindu.com
Staff Correspondent
Announcements expected at today's investors' meet
AWAITING INVESTORS: The Information Technology Park in Hubli
HUBLI: The IT (information technology) Investors' Meet opens here on Saturday, and representatives of companies attending it will visit the IT Park to find out whether there are adequate facilities for setting up units.
The meet is a coordinated effort to revive the IT Park and project the twin cities of Hubli-Dharwad as an ideal destination for investments in the sector.
The district administration, led by Deputy Commissioner M.S. Srikar, has taken the initiative to organise the meet with the support of the State Department of Information Technology and Biotechnology, Hubli-Dharwad Municipal Corporation (HDMC), Karnataka State Electronics Development Corporation Limited, Karnatak Chamber of Commerce and Industry (KCCI), BIC Society and BVB College of Engineering and Technology.
Two years ago, "Destination Hubli", a meet to promote the IT Park, was organised in Bangalore, but it did not make an impact. A positive response is expected this time as the venue is Hubli.
The organisers of the event will make it known to IT companies that about 120 hectares of land is available in and around the twin cities for those interested in establishing their units outside the park.
Although invitations have been sent to about 150 IT companies, the organisers of the meet have said the focus is on persuading top companies to participate.
The Government has announced a special package for attracting IT companies to the IT Park. Chief Minister H.D. Kumaraswamy, during his visit to Dharwad for the inspection of sites for setting up a Circuit Bench of the Karnataka High Court, announced that for six months, the first 50,000 sq.ft at the park will be offered at Rs. 10 a sq.ft. and the next 15,000 sq.ft at Rs. 15 a sq. ft.
Following the announcement of the package, the IT Park has received enquiries. Neilsoft, a Pune-based company, has expressed interest in buying 10,000 sq.ft of space. The Government has announced the allotment of 155 hectares of land to the Airports Authority of India for the development of the Hubli airport into an all-weather facility.
There is hope that the IT Park can be revived and Hubli can be promoted among IT companies at the meet as a destination for investments.
In view of the meet, the HDMC has improved roads and other basic amenities.
The Hindu.com
Staff Correspondent
Announcements expected at today's investors' meet
# The Investors' Meet is an effort to revive the IT Park
# The Government has announced a special package for purchase of space at the park
# 120 hectares of land is available outside the park
# Land has been allotted for development of Hubli airport
AWAITING INVESTORS: The Information Technology Park in Hubli
HUBLI: The IT (information technology) Investors' Meet opens here on Saturday, and representatives of companies attending it will visit the IT Park to find out whether there are adequate facilities for setting up units.
The meet is a coordinated effort to revive the IT Park and project the twin cities of Hubli-Dharwad as an ideal destination for investments in the sector.
The district administration, led by Deputy Commissioner M.S. Srikar, has taken the initiative to organise the meet with the support of the State Department of Information Technology and Biotechnology, Hubli-Dharwad Municipal Corporation (HDMC), Karnataka State Electronics Development Corporation Limited, Karnatak Chamber of Commerce and Industry (KCCI), BIC Society and BVB College of Engineering and Technology.
Two years ago, "Destination Hubli", a meet to promote the IT Park, was organised in Bangalore, but it did not make an impact. A positive response is expected this time as the venue is Hubli.
The organisers of the event will make it known to IT companies that about 120 hectares of land is available in and around the twin cities for those interested in establishing their units outside the park.
Although invitations have been sent to about 150 IT companies, the organisers of the meet have said the focus is on persuading top companies to participate.
The Government has announced a special package for attracting IT companies to the IT Park. Chief Minister H.D. Kumaraswamy, during his visit to Dharwad for the inspection of sites for setting up a Circuit Bench of the Karnataka High Court, announced that for six months, the first 50,000 sq.ft at the park will be offered at Rs. 10 a sq.ft. and the next 15,000 sq.ft at Rs. 15 a sq. ft.
Following the announcement of the package, the IT Park has received enquiries. Neilsoft, a Pune-based company, has expressed interest in buying 10,000 sq.ft of space. The Government has announced the allotment of 155 hectares of land to the Airports Authority of India for the development of the Hubli airport into an all-weather facility.
There is hope that the IT Park can be revived and Hubli can be promoted among IT companies at the meet as a destination for investments.
In view of the meet, the HDMC has improved roads and other basic amenities.
Venture capital can spur growth
Venture capital can spur growth
Vijay Times Network
Venture capital can be defined as fund used to support new or unusual undertakings; equity, risk or speculative investment capital. The fund is provided to new or existing firms which exhibit potential for aboveaverage growth.
If we see the success of IT industry in Silicon Valley (California - USA), the main contributor has been venture capital support. The ideas and innovations coming out of academic institutions (such as Stanford, Berkley) are backed by venture capital fund. SUN Microsystems (Stanford University Network) and Google are few such success stories.
Karnataka has setup one such fund called KITVEN (Karnataka IT Venture Capital).
On similar lines, the government of Karnataka must setup a North Karnataka Venture Capital Fund (NKVCF). The fund should go into companies with above-average growth and should set base in North Karnataka.
An initial fund to the tune of about Rs 25 crore can be setup and monitored professionally by industry, academic and government representatives.
The investment range could from Rs 50 lakh to Rs 150 lakh per company and the investment horizon would be 3 to 5 years. With this initiative, around 10 companies (may be existing companies or new ventures) will start their activities in the North Karnataka region. This initiative will bring definite attraction for small and medium-sized companies and also will develop entrepreneurial culture in the region (wherein universities and education institutes can transform their research into product or service to global markets).
Opportunities in North Karnataka
Santosh Huralikoppi,
CEO, NS Infotech Pvt Ltd
Santosh Huralikoppi is also CEO of Global E Network (a premier business partner of IBM). He is of the IT committee of Karnataka Chamber of Commer Industry. With offices in Michigan, Florida, New Y in USA as well as Bangalore and Hubli in India, hi will become the first IT/BPO company from North Ka to seek an Initial Public offer in Dec. The man power of organisation is likely to scale up to 500 by next
Vijay Times Network
Venture capital can be defined as fund used to support new or unusual undertakings; equity, risk or speculative investment capital. The fund is provided to new or existing firms which exhibit potential for aboveaverage growth.
If we see the success of IT industry in Silicon Valley (California - USA), the main contributor has been venture capital support. The ideas and innovations coming out of academic institutions (such as Stanford, Berkley) are backed by venture capital fund. SUN Microsystems (Stanford University Network) and Google are few such success stories.
Karnataka has setup one such fund called KITVEN (Karnataka IT Venture Capital).
On similar lines, the government of Karnataka must setup a North Karnataka Venture Capital Fund (NKVCF). The fund should go into companies with above-average growth and should set base in North Karnataka.
An initial fund to the tune of about Rs 25 crore can be setup and monitored professionally by industry, academic and government representatives.
The investment range could from Rs 50 lakh to Rs 150 lakh per company and the investment horizon would be 3 to 5 years. With this initiative, around 10 companies (may be existing companies or new ventures) will start their activities in the North Karnataka region. This initiative will bring definite attraction for small and medium-sized companies and also will develop entrepreneurial culture in the region (wherein universities and education institutes can transform their research into product or service to global markets).
Opportunities in North Karnataka
Santosh Huralikoppi,
CEO, NS Infotech Pvt Ltd
Santosh Huralikoppi is also CEO of Global E Network (a premier business partner of IBM). He is of the IT committee of Karnataka Chamber of Commer Industry. With offices in Michigan, Florida, New Y in USA as well as Bangalore and Hubli in India, hi will become the first IT/BPO company from North Ka to seek an Initial Public offer in Dec. The man power of organisation is likely to scale up to 500 by next
Palpable expectations at IT meet
Palpable expectations at IT meet
VIJAY TIMES NEWS
Hubli: Destination Hubli is all set to hold its first ever investors meet on Saturday to attract investments in information technology and other related sectors to make Hubli-Dharwad an IT hub of North Karnataka. The meet, which has been postponed twice earlier, will try attract IT investments from all categories - minnows to giants.
The meet holds significance in the backdrop of increasing complaints of infrastructure bottlenecks at the national IT capital Bangalor and some companies choosing neighbouring states for investment. Cost of land and unavailability of space were acting as potential barriers in choking new investments in the State capital.
The initiative to host the meet has been taken up by Karnataka Chamber of Commerce and Industry in active association with the administration in order to highlight the need for showcasing secondary and tertiary cities as potential IT destinations, sources stated. Mangalore has been preferred by some companies due to North Karnataka cities due to better air connective. In fact infrastructure, investment climate and availability of trained human resource was better in cities such as Hubli. The government should encash the opportunities of these cities to channelise investment going out of Bangalore.
There are lot of apprehensions and expectations from the investors meet. There is a touch of cynicism with a group feeling that not much drastic changes will have taken place in Hubli cities. However, another school of thought has a very positive outlook, especially given the improvement in road and other infrastructure in Hubli, the sources revealed. The better drinking water and communication facilities have rubbed off on the enthusiasm to promote Hubli as the next IT destination, the sources stated.
The organisers expect the presence of Chief Minister H D Kumaraswamy, who also holds the IT portfolio, and his deputy Minister B S Yediyurappa (who holds the Finance portfolio) will give an impetus to put Hubli on the global IT map.
Infosys, IBM, Hewlett Packard, TCS and Wipro are sending their representatives to the meet and that has added to the enthusiasm of the believers. Now, the onus is on the government to fulfil the expectation of the people and organisers by announcing major policy initiatives to check the outflow of investment from the state.
VIJAY TIMES NEWS
Hubli: Destination Hubli is all set to hold its first ever investors meet on Saturday to attract investments in information technology and other related sectors to make Hubli-Dharwad an IT hub of North Karnataka. The meet, which has been postponed twice earlier, will try attract IT investments from all categories - minnows to giants.
The meet holds significance in the backdrop of increasing complaints of infrastructure bottlenecks at the national IT capital Bangalor and some companies choosing neighbouring states for investment. Cost of land and unavailability of space were acting as potential barriers in choking new investments in the State capital.
The initiative to host the meet has been taken up by Karnataka Chamber of Commerce and Industry in active association with the administration in order to highlight the need for showcasing secondary and tertiary cities as potential IT destinations, sources stated. Mangalore has been preferred by some companies due to North Karnataka cities due to better air connective. In fact infrastructure, investment climate and availability of trained human resource was better in cities such as Hubli. The government should encash the opportunities of these cities to channelise investment going out of Bangalore.
There are lot of apprehensions and expectations from the investors meet. There is a touch of cynicism with a group feeling that not much drastic changes will have taken place in Hubli cities. However, another school of thought has a very positive outlook, especially given the improvement in road and other infrastructure in Hubli, the sources revealed. The better drinking water and communication facilities have rubbed off on the enthusiasm to promote Hubli as the next IT destination, the sources stated.
The organisers expect the presence of Chief Minister H D Kumaraswamy, who also holds the IT portfolio, and his deputy Minister B S Yediyurappa (who holds the Finance portfolio) will give an impetus to put Hubli on the global IT map.
Infosys, IBM, Hewlett Packard, TCS and Wipro are sending their representatives to the meet and that has added to the enthusiasm of the believers. Now, the onus is on the government to fulfil the expectation of the people and organisers by announcing major policy initiatives to check the outflow of investment from the state.
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