India’s Madhya Pradesh state seen as next IT outsourcing destination
MADHYA PRADESH, INDIA – Shivraj Singh Chouhan, chief minister of Madhya Pradesh (MP) said that the region has great potential to be an information technology (IT) hub.
Speaking at the Global Investors Summit (GIT), Chouhan said that MP “has everything including safety and ease of living.”
”We are developing the Indore-Pithampur economic corridor which has 500 acres of commercial land available on both sides in which Plug-Play infrastructure will be developed,” Chouhan said.
He also noted that office space rental in the central Indian state is 7 to 10 per cent cheaper compared to other regions.
“We have established IT parks in Bhopal, Gwalior and Jabalpur, and in Bhopal and Jabalpur we have also set up electronics manufacturing clusters,” he said.
The state offers the IT and BPO (Business Process Outsourcing) companies attractive terms like land on concessional rates, capital, subsidy, training subsidy and relaxation in stamp duty and registration fee, Chouhan said.
