MindTree to start construction of its centre in April

BHUBANESWAR: IT consulting firm MindTree Consulting Ltd would the start construction of its proposed development centre here from April, official sources said.

MindTree Consulting is one of the four major firms which had proposed investment in Orissa's IT sector, the others being Genpact Limited, ICICI Eastern Regional Hub and Wipro Limited.

According to Orissa's Information Technology Minister S N Patro, MindTree Consulting Limited had proposed to invest nearly Rs 200 crore in its project here.

"While Wipro will invest Rs 100 crore in its project, ICICI Eastern Regional Hub proposes to spend Rs 500 crore here," the Minister said, adding that Genpact had proposed to invest Rs 200 crore.

The Orissa government targets IT exports worth Rs 1,200 crore during the 2008-09 fiscal, Patro said and added that the sector had received investments to the tune of Rs 265 crore till March 2007.

Patro said major investors in the state include Infosys Technolgy, Satyam Computer Service and others. On the benefits offered to the IT firms in the state, he said the state did not collect any direct revenues from the IT companies.