Bhubaneswar: Catching Up with the Big Boys ; a Slew of Big-Ticket Investments in Orissa Is Transforming Its Capital From a Sleepy Tourist Town to a Glitzy Business Destination.
Business Today › September 09, 2008
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Summary
Use dipper at night, suggests a signboard on Jaydev Vihar, a crucial link road in Bhubaneswar. This six-lane thoroughfare, which links the city's IT hub with the airport, betrays no signs of the heavy downpour the night before. There are no potholes, and, therefore, no puddles, and no waterlogging. But singling out Jaydev Vihar for praise will be unfair. The story is no different across most parts of the city.
That isn't the only blessing for residents of the city. They also enjoy one of the lowest power tariffs in the country and get adequate piped water each day. Bhubaneswar is the new star of the east, says T.V. Mohandas Pai, Director, Human Resources, Infosys Technologies. He should know, considering that his company and Satyam Computer Services have been the two IT companies to have remained invested in the city for 10 years.See the full content of this document
Extract
Bhubaneswar: Catching Up with the Big Boys ; a Slew of Big-Ticket Investments in Orissa Is Transforming Its Capital From a Sleepy Tourist Town to a Glitzy Business Destination.
It's raining investments
They aren't alone. Bhubaneswar is increasingly seen as an attractive city to a wide variety of potential investors. Over the last three years, investors have committed investments worth Rs 6,00,000 crore in Orissa, says Naveen Patnaik, Chief Minister of the state, adding: And the MoUs that have been signed are not just steel plants but also for investments in the aluminium, IT, tourism, hospitality, healthcare and education sectors.Fact fileArea: 135 sq. kmPopulation: 1.1 millionRoads: 1,450 kmMain industries: Mineral-based (steel, aluminium and power), IT and educatio...See the full content of this document
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