Latest news with #ITES
Hindustan Times
25-05-2025
- Business
- Hindustan Times
NITI Aayog governing council meeting: Kataria bats for perks to attract investments in Chandigarh
Stressing on the need to establish reputed institutions in the city that prepare the youth for emerging job markets, Punjab governor and UT administrator Gulab Chand Kataria on Saturday urged the central government for the creation of a special incentive framework for Chandigarh, akin to the Gujarat International Finance Tec-City (GIFT City) model. The administrator participated in the 10th governing council meeting of NITI Aayog held at Bharat Mandapam, New Delhi, on Saturday. Chaired by Prime Minister Narendra Modi, the meeting was attended by chief ministers and lieutenant governors from 24 states and seven Union territories, under the theme 'Viksit Rajya for Viksit Bharat @ 2047'. During his speech, Kataria articulated Chandigarh's ambition to become a national skill hub, specialising in green technologies. Kataria stressed that Chandigarh's growth was deeply rooted in principles of green, inclusive and sustainable development. He pointed out that the city was transitioning from 'grey to green' across every sector—be it green mobility, energy-efficient buildings or adoption of clean energy solutions—reinforcing its identity as the City Beautiful. 'However, there are the limitations being faced by Chandigarh due to its UT status, which restricts its ability to offer financial incentives essential to attracting investments and fostering economic growth. The GIFT City model framework should encompass tax exemptions, subsidies, incentives for IT and ITES sectors, and exemptions under the Companies Act to make Chandigarh more competitive and attractive for green technology investments and skill development initiatives,' Kataria said. Kataria highlighted Chandigarh's remarkable transformation from a city originally designed for a population of 5 lakh to now housing over 12.43 lakh residents. With the recent inclusion of 13 villages into the municipal corporation and development in line with the Master Plan 2031, Chandigarh is experiencing rapid social, physical and economic development. Kataria also highlighted Chandigarh's significant achievements, including privatisation of electricity distribution—the first of its kind among UTs—the development of the Zirakpur Bypass, which will decongest key city areas, and the city's outstanding performance in education with the highest Gross Enrolment Ratio. He underscored the expansion of skill hubs aligned with the National Education Policy 2020, which aim to prepare the youth for future-ready careers. Further, he highlighted Chandigarh's ongoing efforts to promote innovation, especially among women entrepreneurs, to stimulate inclusive economic growth. Aligning with the Prime Minister's call to develop world-class tourist destinations, Kataria reaffirmed Chandigarh's commitment to enhancing its tourism infrastructure and smart city initiatives, which focus on sustainability, citizen-centric services and renewable energy integration. He also emphasised the need for reforms to enhance women's participation in the workforce and reiterated Chandigarh's dedication to creating an environment that supports women's empowerment and economic inclusion.
Hindustan Times
16-05-2025
- Business
- Hindustan Times
Delhi CM says global investors summit likely in Jan-Feb 26
Delhi chief minister Rekha Gupta on Thursday announced plans for a grand global investor summit to be held in January-February 2026, focusing on sectors like artificial intelligence (AI), information technology (IT), IT-enabled services (ITES), and banking, financial services, and insurance (BFSI). The summit aims to attract major international investment and position Delhi as a global business hub. After a meeting with industries minister Manjinder Singh Sirsa and senior officials, Gupta also said a new trader welfare board will be formed to resolve trade-related issues swiftly and represent the business community's concerns to policymakers. 'The board will support small, medium, and large-scale traders and implement welfare schemes while pushing for reforms to ease business operations,' her office said in a statement. She added that a new Industrial Policy and Warehouse Policy will be launched soon to promote industrial activity, boost logistics, and create a more investment-friendly climate in Delhi. These policies will especially benefit small and medium enterprises and encourage the use of modern technologies. The government also plans to develop a high-tech industrial hub in Ranikhera and roll out a dedicated policy for start-ups. Gupta announced the establishment of Delhi's first E-waste Eco Park on a 21-acre site in Holambi Kalan. The facility will promote safe disposal and recycling of electronic waste and include infrastructure for testing, training, and waste management. Officials said the park will serve as a model for sustainable industrial development in the city.
Time of India
07-05-2025
- Business
- Time of India
IIM-Nagpur Student Bags Rs69.57L CTC, Campus Scores 100% Placements
Nagpur: A Jodhpur boy pursuing MBA from IIM Nagpur bagged the institute's highest-ever Rs69.57 lakh per annum package during campus recruitment drive. The previous highest CTC offered was Rs64 lakh, offered by an IT this was also the first occasion when international recruiters participated in the campus drive at Mihan-SEZ based premier B-school since it started in Nagpur nearly a decade again, the institute achieved 100% placements , with all its 264 MBA students getting placed. The batch of 2023-25 will be graduating this Sunday during the 11th convocation ceremony. The Indian Hotels Company Limited (IHCL) MD Puneet Chhatwal will be chief guest for the ceremony.A total of 264 students, including 117 girls, were admitted to the PGP batch 2023-25, and all appeared for the campus of IIM-N has been consistently growing among women learners which was evident from the growing percentage of girl students. The numbers touched over 44% for this batch, a jump of 2 Jodhpur boy is a qualified engineer in electronics and communications and worked in the banking sector for more than 2 years, IIM-N stated in response to TOI queries. Most number of jobs were offered by information technology enabled services (ITES) and banking, financial services, and insurance (BFSI) sectors. The most sought-after sectors were FMCG/FMCD, consulting, besides ITES and BFSI, the institute year-on-year growth in salary offers is pegged at 10.93% and 6.48% in average and median, respectively. The average and median package offers this year were Rs18.07 LPA (CTC) and Rs17.03 LPA (CTC), respectively. The recruiters included consulting, BFSI, ITES, manufacturing, FMCG/FMCD, and conglomerates. Prominent recruiters included Microsoft, Amazon, Adani, BNP Paribas, Vedanta, Aditya Birla Capital, Lupin, Tata Power, Axis Bank, Deloitte, Accenture, BNY Mellon, Cognizant, IFB Industries, FedEx, Vivo, and Valency International, among others, IIM-N director Bhimaraya Metri said the institute set a new benchmark with the participation of international recruiters mainly from the Gulf and Singapore, apart from Indian companies. "It is all about showcasing the institute to recruiters. We invited them to see our campus, communicated our achievements and growth, which impressed them," he said IIM-N is now the fastest-growing among the newer IIMs. "In the last five years, except for 2024, our students have been getting higher packages. We have strategically targeted the recruiters to mitigate the impact of global recession. We have developed strong rapport and connections with the corporate world," he students: 264 (147 boys, 117 girls)Jobs offered and accepted: 100%Pay package: Highest CTC Rs69.57 LPAMost sought-after sector: ITES, BFSI, FMCG/FMCD, consultingJump in salary offers: 10.93% and 6.48% in average and median, respectivelyAverage CTC: Rs18.07 LPAMedian CTC: Rs17.03 LPA
Time of India
05-05-2025
- Business
- Time of India
Technopark to have its first prefabricated building
T'puram: In a significant step toward meeting the increasing demand for IT and ITES infrastructure, Technopark is set to construct its first prefabricated building at its Phase I campus. This initiative aligns with sustainable development goals of India's pioneering IT park. The foundation stone for the three-storey, 50,000 sq ft prefab building was laid by Technopark CEO Sanjeev Nair, near the Pamba-Periyar buildings on the Phase I campus. Prefabrication technology involves manufacturing building components in a controlled off-site environment, which are then transported and assembled at the construction site. This project marks Technopark's first in-house prefabricated construction. The building's architectural and structural designs were approved by IIT Palakkad, while the College of Engineering Trivandrum (CET) verified the soil testing and other construction-related parameters. Designed with a focus on sustainability and efficiency, the building will feature 80 percent space efficiency, open dining and recreational areas, compliance with Kerala Municipal Building Rules (KMBR), floor-to-floor height of 4m, provision for 4–5 modules per floor, natural lighting, ample ventilation, HVAC systems and 100 percent DG backup. Additional amenities include office spaces, meeting rooms, conference halls, a pantry, restrooms, recreation areas, a reception zone and service rooms. Kochi-based Wootz Structures Pvt Ltd has been entrusted with the execution of the work. TNN
The Hindu
29-04-2025
- Business
- The Hindu
TIDEL Neo Park to come up in Nagapattinam
Nagapattinam district will soon have a TIDEL Neo–Mini TIDEL Park, expected to create 600 direct jobs and generate indirect employment for about 2,000 people. Industries Minister T.R.B. Rajaa formally announced the project in the State Assembly on April 25. The park will be established on a six-acre site at Sellur in the town, aimed at expanding IT opportunities beyond metropolitan centres. With cost advantages and relatively low salary expectations compared to urban hubs, small cities like Nagapattinam are becoming attractive destinations for IT and ITES firms. Officials said Nagapattinam's micro economy was anchored in agriculture, fishing, tourism, salt production, and small-scale industries like dry fish processing and candle making. The integration of IT into these sectors is expected to enhance productivity, competitiveness, and modernisation. Fishing, in particular, is evolving into a growth sector, offering opportunities for technological transformation and greater youth engagement. Talent pool The district's labour force participation rate is slightly above the State average, with strong representation in food processing, banking and financial services (BFSI), healthcare, construction, and tourism. The presence of a diverse workforce is seen as a major advantage for industries looking to integrate digital solutions into traditional business models. Each year, Nagapattinam produces over 6,000 graduates across disciplines, including 3,185 from Arts and Science colleges, 1,650 from engineering colleges, 1,000 from programmes, and 240 from MBA courses. A significant proportion of these students specialise in computer science, commerce, management, and core engineering fields. Additionally, neighbouring districts such as Tiruvarur, Mayiladuthurai, and Karaikal contribute more than 12,000 graduates annually, further strengthening the region's talent pool. Officials said the TIDEL Neo Park is aimed at not only generating employment but also to retain skilled youth within the district, reduce migration to urban centres, and stimulate inclusive regional development. The project is expected to drive digital transformation in traditional industries while lower operating costs add to the district's appeal for new business ventures.
