
| City IT to top in SME growth: D&B |
| Published : March 26, 2008 - The Times of India |
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Kolkata: The city has scored over National Capital Region (NCR), Hyderabad, Chennai and Pune in a study conducted by global business information provider Dun & Bradstreet on the growth prospects of small and mid-sized IT/ITeS firms over the next two years. According to Dun & Brad-street, IT/ITeS companies in the SME space in Kolkata have a growth expectation of 57% between now and 2010. Hyderabad comes next with a growth prospect of 52%. "The skillset in Kolkata is one of the best and the cost here is one of the lowest. These could be the reasons behind the high revenue expectations," Dun & Bradstreet In- formation Services India COO Kaushal Sampat said. "The average annual growth for IT/ITeS SMEs in Kolkata stood at 41% for the last two years, which was the highest among the. four sectors surveyed in Kolkata and adjacent districts," he said. D&B surveyed 52 SMEs in IT/ITeS arena in Kolkata for the purpose of the study. These firms, which include the likes of Praxis Softek Solutions and Indus Net Technologies, together employ nearly 2,800 professionals. Sampat said around 50% of the profiled IT/ITeS companies in Kolkata are involved in exports, with the US emerging as the most preferred export destination. "In fact, 39% of the companies providing IT services and 29% of the com- panies providing software products earned more than 50% of their revenue from the global market," he added. Sampat said the average annual growth rate for engineering and food processing companies here was 24% for the last two years. Average growth was 27% for textile companies. D&B had surveyed 342 firms in all in Bengal. |
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