Taml Nadu to bring out new IT, ITeS policy

CHENNAI: Promising to provide an investor- friendly industrial policy framework, the Tamil Nadu government proposes to bring out a new Information Technology and IT enabled Services ( ITeS) policy.

"The new policy would catapult the state to the numero uno position," Chief Minister J Jayalalithaa said at the 'Connect 2011' conference.

Noting that Tamil Nadu has emerged as a destination of choice for investors, she said the state remained one of the top three destinations in attracting Foreign Direct Investments (FDI) in the country.

Jayalalithaa said software exports from Software Technology Parks of India (STPI) units in the state have touched Rs 42,100 crore.

"If we include exports from IT-SEZ units, it is estimated to be above Rs 50,000 crore", she said, adding it would be the government's endeavour to sustain and stabilise this environment of optimism.

The Chief Minister said Tamil Nadu at present has more than 1,800 software and ITeS exporters, including 210 foreign wholly owned subsidiaries and MNCs in software development.

Observing that the Indian information technology sector continued to be one of the sunshine sectors of the country's economy, showing rapid growth and promise, she said Tamil Nadu had carved out a pride of place in it.