Bhubaneswar emerging as the new IT hub

Prameyanews English

Published By : Prameya News Bureau | February 10, 2024 IST

IT companies in Bhubaneswar

Bhubaneswar, Feb 10: In the last couple of years, Bhubaneswar has taken giant strides in IT business attracting leading global IT companies to Odisha.

The IT sector of Odisha has been attracting investment and generating huge employment in recent years. 

Domestic IT majors like TCS, Infosys, Wipro and Tech Mahindra had set up their development centres in Bhubaneswar long ago. Bhubaneswar was also one of the first three cities to host the Software Technology Parks three decades ago.

With a strong IT ecosystem already in place, global IT companies like Deloitte, Happiest Minds, IBM, Cognizant, Capgemini, KPMG, PwC and EY have established their presence in the capital city of Odisha.

Odisha is now exporting software of around Rs 7,500 crore. The state Electronics & IT Department has planned to increase the software export to Rs 10,500 crore in future.

Besides, an increasing number of IT majors are currently visiting the state to establish offshore development centres.

With a huge talent pool, favourable and hassle-free business environment, establishment of IT parks, customised incentives for IT companies and industry-friendly policies, Odisha is well-poised to be a sought-after IT destination in the country. 

In 2022, the state developed a new IT policy that provides incentives that are competitive nationally. Acknowledging the necessity of having a competitive edge in cutting-edge IT technologies like artificial intelligence, machine learning, cloud computing, etc., the policy provides specific incentives to units working in these areas. 

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