Saturday, March 5, 2011

Coimbatore well-placed to be IT destination

COIMBATORE: With education infrastructure and entrepreneurial spirit, the city is all set to become a top destination for IT companies, Cognizant vice-chairman Lakshmi Narayanan said.

Residents should have belief that it can be a tier-1 destination for IT firms and work towards that goal, he told the 11th edition of _Connect Coimbatore', the annual IT event organised by CII here on Thursday.

"If Coimbatore aspires to be a tier-1 destination it should behave like a leader," he said. Though it would take five to 10 years to realise the goal, the city should stake its claim now.

Software exports from the city witnessed a 90% growth to Rs 710.66 crore for the year ended March 2010. Tier-2 locations such as Tiruchi and Madurai have clocked `25 crore in exports, state IT secretary PWC Davidar said.

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