Bhumiraj Group CMD says IT sector has already brought in 2 lakh jobs, lakhs more coming
Bhupendra Shah
Navi Mumbai with its strong fundamentals is the new IT hub of the country that is leading to generation of employment for lakhs of people and hence making the city the first choice for residence says Bhupendra Shah, chairman and managing director of Bhumiraj Group.
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Since the beginning of the IT boom in the country, in 2000, the city has increasingly been taken over by top IT companies that are setting up base especially in the Thane Belapur (TB) industrial belt, that was once known for its chemical industries.
Says Shah, “The TB belt was full of chemical and other industrial units with big names like Nocil, Rallis India etc operating from here. That has gradually changed over the years. These units have now been replaced by multi-storey corporate buildings that are centres of a host of IT and IT related work.”
He informs, “It all started in Airoli with Patni Computers setting up base in the belt and sending out a message that this can be a very good destination. As several industrial units shut down due to various factors, the owners of such units were left with white elephants. The IT companies then came into the picture and got the developers to dismantle the existing units and replace them with posh complexes and offices according to their needs.”
Added Bhupendra Shah, “Availability of land is not an issue in this belt. Even rentals are very feasible and affordable at a fraction of cost when compared to other prime IT areas in nearby cities and even India.”
Stated Shah, “Now multinational reputed software service providers, consultants, data centres individually and in business parks have their development and technology centres here in the 15 km TB stretch spread over 27 sq km. These include top names like Reliance, L&T, Accenture, Tech Mahindra, Wipro, Capgemini, Cognizant etc. IT companies not just from Maharashtra but from all over India and in fact from worldwide are flocking here.”
Crediting MIDC policies for the IT companies flocking to the region, Shah explains, “MIDC has offered several incentives including land at concessional rate, additional FSI and also infrastructure facilities. It has given various hassle free permissions like laying of fibre optic cables to the service providers which has helped in high speed uninterrupted internet facility being present here, that these companies require.”
He added, “There is full power back up available to the IT parks and feeder lines for high tension power has been made available. There are also tax, power and other incentives being given to the IT companies that start operations here. Setting up base here in TB belt is definitely much cheaper than in IT hubs across the country.
Informs Bhupendra Shah, “As of today, these IT companies have provided 2 lakh jobs in the region and this is just the beginning. IT parks are being set up in several nodes of the city including in Ghansoli, Jui Nagar, Turbhe, Nerul etc. There are IT zones in Vashi apart from the Vashi and Belapur railway stations that have been designated as IT parks. There is so much more to come. There are also new projects coming up in Navi Mumbai which will attract these IT companies. There is the Corporate Park in Kharghar and of course the Reliance SEZ.”
States Shah, “The potential for employment in IT and IT related services in the region is mind blowing. People getting jobs here will naturally want to live close too. With Navi Mumbai high on infrastructural development and connectivity, the IT professionals are increasingly shifting here by taking up residences as apart from their workplace, the connectivity is excellent and their requirements of educational institutions and quality life are met here. This will provide a huge boost to the reality sector.”
Concluded Shah, who is also the chairman Trustee Board, Builders Association of Navi Mumbai (BANM), “Navi Mumbai is the next IT hub of the country. It has the right fundamental to be so. The mega projects like airport, sealink, metro etc. will facilitate it further. There is no stopping Navi Mumbai from becoming amongst the premier IT hub of the world.”
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