India to help build 2nd Silicon Valley in US
This could very well turn out to be the making of a second Silicon Valley in the US. Over 40 IT software companies who have been jostling for space and market share in the Silicon Valley are now moving on to set up Silicon Valley-II at New Jersey and Chicago backed by the commerce ministry. The government and industry would set up incubation centres in New Jersey and Chicago for providing easy operational facilities to the start-ups. The incubation centres would be set up on 50:50 financial support.
“The commerce ministry has agreed to provide support for setting up the incubation centres. The industry and government would put equal money to start the centres from where any new company can start operating without actually putting up their independent facilities,”
Electronics and Computer Software Export Promotion Council (ESC) executive director DK Sareen said. “It is for the first time ever that the government is setting up an incubation centre outside the country,” he said. Apart from providing support for setting up the centres, the government would also bear the operational cost of the facilities for a period of three years, after which the scheme would be reviewed.
“Silicon Valley is saturated. New software companies were finding it difficult to get orders and so they were in search of newer markets. Places like New Jersey and Chicago provide them an alternative,” Sareen said. Plans for setting up the first such centre in New Jersey is in its final stage and the facility would be operational by January next year, he said. “We are looking at markets where we can sell our softwares. At Silicon Valley already big software producers are there, so who’ll buy our products? Cities like New Jersey provide new marketing opportunities,” Alliance Infotech vice-president Rajendra Kukreja said.
Over 37 companies from across the country, including Alliance Infotech, Intrust Global eServices, Super Infosoft and Nippon Data Systems, have expressed their desire to start business from these centres, out of which the government is in the process of finalising a list of 20 companies, as one incubation centre could not accommodate more number of companies.
TCS plans aggressive hiring in north India
Tata Consultancy Services (TCS), India’s largest software exporter, is planning an aggressive recruitment drive in Northern India and intends to take 3,000 at the trainee level, and offer 2,000 lateral entry by the end of the fiscal.
“The north is showing a huge manpower potential, and we plan to leverage it. The net additions for TCS this year would be 30,000-32,000 people. Of this 12,000-13,000 will be trainees, with north accounting for a healthy 25 percent ratio,” Thomas Simon, Vice-President, Human Resources, TCS said at a conference here. For the first quarter, the company’s offers in the region was pegged at 1,809, of which 70 percent came from Tier II and Tier III cities. TCS’ sourcing channels include laterals, direct trainees, campus (management graduates), science graduates, Academic Interface Programme (AIP) and campus recruitments (engineers).
Commenting on the campus talent acquisition plans for the Northern region, he said that TCS visited 41 campuses in the first quarter of the fiscal, accredited 80 institutes so far and plans to have 35 more accredited campuses by the end of FY08. Hiring would happen for positions based in the NCR region apart from Lucknow. While experienced professional hiring would be done for pre-mapped positions, the selected would be sent to Thiruvananthapuram for initial training