Keeping to long-standing demands from the Information Technology companies in the small and medium enterprise sector, the inter-ministerial committee of the Centre has approved the first private software technology park of Orissa.
The Bhubaneswar-based JSS Group, operating as a BPO / KPO company in the banking and financial back-end services, has received the distinction. The new private STP has been christened as JSS Software Technology Park.
The private STP is being set up by the JSS Group at Infocity in Chandaka, Bhubaneswar.
Alongside, JSS is also embarking on an expansion plan of setting up a 300 seat call centre at Kolkata and 300 seat banking service hub at Hyderabad. The company is also putting up a development centre at Dubai and is actively planning to start a similar centre in Singapore.
According to a study by AMI Partners, put forward by the JSS Group, small and medium companies in India are set to spend over Rs 32,000 crore in 2007-2008 in IT infrastructure development, which is almost 24 per cent higher than 2006-2007.
This is likely to have a spiralling effect in the employment generation as well overall business growth potential. The gross IT revenue is expected to grow at a
CAGR of 20 per cent for the SME sector with employment by a CAGR of 45 per cent.
When contacted, chairman of JSS group, Bijoy K Sahoo said, "For long we have been urging for setting up a private STP in the state. Finally it has been awarded to us. We thank the Orissa government for helping us achieve our aim. This would open the flood gates for more private STPs".
Neighbouring states like Andhra Pradesh already have more than 100 private STPs, for the ITSME sector, followed by other states like West Bengal. Tamil Nadu, Karnataka and Maharashtra.
Almost 98 per cent of Orissa IT companies registered with the Software Technology Parks of India belong to the SME sector. The state has set to itself a software export target of achieving Rs 1,000 crore in the next couple of years.