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INFORMATION TECHNOLOGY PARK IN SEZ. Presentation By Shashikant Chaudhary President & CEO Lambent Technologies Pvt Ltd Nagpur. Drivers for Push to IT II tier cities. Business Continuity Attrition Rate more than 6% per month Cost of operations
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INFORMATION TECHNOLOGY PARKIN SEZ Presentation By Shashikant Chaudhary President & CEO Lambent Technologies Pvt Ltd Nagpur
Drivers for Push to IT II tier cities • Business Continuity • Attrition Rate more than 6% per month • Cost of operations • Grow aggressively • Diversify Risk • Manpower supply
Nagpur History • No communal riots • No history of major crime • No history of Natural disasters , Tsunami and Earthquake and flooding • No Threat of War, 1000 km from every border
Nagpur Fact Sheet • Cleanest City • Second Greenest • Geo Centre of India • Planned city –no restriction to growth • Very well connected by Rail and Road • Good Health care and Educational infrastructure
Nagpur Socio-Cultural Backdrop • Cosmopolitan, Open, Friendly and Peaceful environment • Good mix of entertainment and cultural activities • Entertainment facilities Multiplexes Entertainment parks Dance floors Fast food outlets • Forest percentage highest in India, • Kanha, Pench, Nagzira, Melghat and Tadoba offering Tiger Safaris • Hill stations Chikhadara,Panchmadhi for breaks during weekends
Mihan strategic importance • Direct International flight • Fulfilling Echo system International School Health City Country Club 300 ha Residential Facility • Economic Land Prices • Larger companies require large campuses • Captive Power plant –no dependency on external factors • World class Connectivity and water supply
Nagpur Current IT scenario • 60 IT units • More than 65% export oriented • More that 2500 people employed • 6-7 years of maturity • 2 Govt and one Pvt IT park • Multiple ISP’S STPI, BSNL, Reliance and Tata
Nagpur Advantage • No Big Company around - less competition, less attrition • Huge Catchment Area of 300 Sq km • Cost of infrastructure is 50% of the cities • Travel time is less than 15 min average of 45 min in big cities, saves on commutation time , increased productivity less cost for company to manage employees movement
Experience of Existing IT Units • No horizontal migration • Strong Loyalty –people for last 7-8 years • Good training ground for freshers • Farm and Grow model • Large Pool of freshers to select from • Excellent Demonstrated performance
Manpower • Second most Student populated city • Maximum number of boys going to Mumbai IIT MTech • Pool of senior people who want to come back to Nagpur • High Hit ratio for ITES – no accent neutralization required • Matured education systems – Colleges since 1984, only after Karnataka cont..
Manpower • More than 75 colleges in catchment area, BE, MCA and MSc in supplying more than 12000 people • Good Dedicated Technical Institutes CDAC, IBM , Kanetkar school of embedded and wireless technologies, • Good foreign language training for Japanese, French and German • Campus Quality Indicator- Major companies come regularly and pickup engineers in good numbers. • City Quality Indicator - Every alternate week MNC like CSC, HSBC, MBT, visiting nagpur to hunt talent.
IT park Benefits • No taxation on the equipments, • No customs duty and income tax holiday, • No excise duty on goods coming from domestic tariff area, • No state taxes such as Sales Tax, registration and Stamp Duty an • Flexible labour laws. • Exemption from electricity duty for 10 years. • No octroi or any other entry charges on capital equipment purchases.
Thank You Shashikant Chaudhary Lambent Technologies Pvt Ltd www.lambenttek.com