The Democratic Front government on Friday unveiled an ambitious policy to develop Nashik, Nagpur and Aurangabad as new IT hubs in a time-bound period. “Based on a survey conducted by Nasscom, we have formulated a new IT policy. Since there is saturation of IT industries in the Mumbai-Pune region, we will now concentrate on developing [...]

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Kingfisher airline is all set to operate a hopping Mumbai–Nashik–Bangalore flight in the next 15 days. Lack of an air service to and from Nashik has been a major hurdle in the fast growth of the city. There has been a long pending demand from citizens and industry. Many industries had shifted their focus away from [...]

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HTMT Global Solutions, the Rs 670 crore business process outsourcing (BPO) company, would invest close to Rs 55 crore this fiscal for capital expenditure including setting up new BPO centres and increasing manpower   Speaking on the sidelines of CII ICT seminar, Partha Sarkar, CEO of HTMT, said, “We are evaluating setting up new BPO [...]

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Maharashtra State government is in the process of upgrading the present IT policy. The new policy is likely to be announced by December 2008. Speaking after the inauguration of the 5th edition of ‘Business Partners Meet 2008′ held at Nashik by Confederation of Indian Industry (CII), A M Khan, Principal Secretary, Govt of Maharashtra, said, [...]

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West Pioneer Properties Limited (WPPL), a leading developer and operator of shopping centres in west and south India, will invest close to Rs 900 crore for its proposed commercial projects in Nashik, Aurangabad and the phase two of Kalyan project. Construction for these three projects will begin in the next three months. In Nashik, the [...]

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Nashik-based STPI (Software Technology Park of India)-registered units have posted 88.46 per cent growth in software export in the fiscal year 2007-08. In the current financial year too, STPI is eyeing 100 per cent rise in the software export from Nashik. Speaking to Business Standard, Sachin V Purnale, Assistant Director, STPI, said, “IT/BPO industry in [...]

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Peninsula Land Ltd, the Ashok Piramal-backed real estate company, is diversifying into integrated townships and information technology parks in Pune, Nashik and Hyderabad. It also plans to enter Ahmedabad, Chennai, Mysore, Bangalore and Coimbatore by next year. Peninsula is developing five projects, which includes one residential and one township project in Nashik, and integrated townships [...]

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First comprehensive assessment and gap analysis of the attractiveness of top 50 locations across India as potential hubs for IT and BPO operations Effort to define a roadmap to ensure uniform economic development to tier 2 &3 cities as well Establishes growth of the industry is possible and feasible in cities other than 7 metros [...]

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According to a recent study conducted by consultancy firm Everest Group, the increased real estate prices and a talent crunch in metros are forcing the $11 billion Indian BPO industry to move to tier II cities in the country.”It is difficult to maintain the growth in tier I cities because of the rising real estate [...]

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South India has outscored the northern part of the country in terms of emergence of new growth centres in the fast-growing real estate sector with Thiruvananthapuram and Mangalore being named as the top two tier-III cities by global realty consultant Knight Frank. The two coastal towns are followed by Nashik in Maharashtra at the third [...]

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