Union minister of communications and information minister Dayanidhi Maran on Friday said entrepreneurs should take keen initiatives to set up IT and ITeS firms, which offer huge business and employment opportunities, in Chennai and cities like Coimbatore and Trichi.
He said that the state government is very industry-friendly and has taken a bold initiative to further improve the industrial climate in the state. He was addressing a seminar conducted on "ITeS Competitiveness: Looking Beyond", organised by Ficci on Friday in Chennai.
The minister said the government could provide infrastructure and become the catalyst to the industry. "We have globally established our space in IT and ITeS. This is the right time for entrepreneurs to take a bold initiative of setting up IT and ITeS firms, which will in turn offer ample employment opportunities."
According to Gartner, a consulting firm, the global ITeS market in 2000 was about $119 billion and has touched $ 234 billion by the end of 2005.
The market is expected to grow to $429 billion by 2008. Pointing out that China would become a great threat and take away India’ advantage in IT and ITeS in the next 10 years, as English has become a compulsory subject in the Chinese education system, he said, "We have to migrate into the high-value chain of both IT and ITeS."
He said that the state government is very industry-friendly and has taken a bold initiative to further improve the industrial climate in the state. He was addressing a seminar conducted on "ITeS Competitiveness: Looking Beyond", organised by Ficci on Friday in Chennai.
The minister said the government could provide infrastructure and become the catalyst to the industry. "We have globally established our space in IT and ITeS. This is the right time for entrepreneurs to take a bold initiative of setting up IT and ITeS firms, which will in turn offer ample employment opportunities."
According to Gartner, a consulting firm, the global ITeS market in 2000 was about $119 billion and has touched $ 234 billion by the end of 2005.
The market is expected to grow to $429 billion by 2008. Pointing out that China would become a great threat and take away India’ advantage in IT and ITeS in the next 10 years, as English has become a compulsory subject in the Chinese education system, he said, "We have to migrate into the high-value chain of both IT and ITeS."