Information Technology(IT) Firms Seeking Space In Coimbatore

Information Technology(IT) Firms Seeking Space In Coimbatore

To encourage private initiatives CII plans to hold discussions with local builders. 

Coimbatore:

"A lot of Information Technology companies are showing interest in Coimbatore. If someone creates the infrastructure, the space will be easily occupied," says Jayakumar Ramdass, Chairman of Confederation Indian Industry, Coimbatore zone, about the demand for space in Coimbatore from IT companies.

Potential centre:

With nearly 250 IT and IT-enabled service companies already operating in the district, bigger IT companies have started looking at Coimbatore as a potential centre.

However, what is needed is infrastructure (such as fully-furnished buildings), he says.

Plans confirmed:

A couple of big companies have confirmed their plans for Coimbatore. And, with the enquiries received by the CII from IT companies, "we foresee a requirement of Rs.10 lakh to Rs.12 lakh sq.ft right now," he said.

The average minimum space requirement for a Business Process Outsourcing firm is 50,000 to one lakh sq.ft and for a software development company it is 30,000 to 50,000 sq.ft.

Facilities

According to him, "it is not just space. It is like plug and play. The companies are looking at ready availability of all facilities so that they can start operations in, say, a week."

The city currently does not have such large spaces and facility required by the IT companies.

Viable projects:

In order to encourage more private initiatives, the CII planned to hold discussions with local builders. "May be it is skepticism about the potential here that is holding back local promotion of such projects," he said.

These were commercially viable projects and there was a demand for space by IT companies. Roughly, the cost of construction and finishing (excluding land cost) would work up to Rs.2,000 a sq. ft, he said.

Information Technology(IT) Firms Seeking Space In Coimbatore

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