Bangalore may lose its status as India's IT capital to Gurgaon and Noida. The latter are fast becoming the preferred destinations for IT and related companies.
A new survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham) found that Bangalore is losing its IT sheen due to crumbling infrastructure, forcing companies to head towards industry-friendly cities.
At least 30% Bangalore-based top-ranking IT officials say they want to shift their business to Gurgaon; 25% respondents say they want to shift to Noida or Greater Noida, which are rapidly developing as software and BPO hubs. At least 20% respondents say they want to go to Chandigarh, for the city offers a good business environment.
Leading IT and IT-enabled services (ITeS) companies say the reason they want to move out from Bangalore is to get more revenue with less hassle.
“The growth explosion in Bangalore has resulted in a serious civic crisis,” said Assocham secretary general DS Rawat. Assocham interacted with 800 directors, CEOs, chairpersons, managing directors and other top officials.