CHOKE-A-BLOC WITH IT COMPANIES (Bangalore witnessed total investments of Rs1,125 crore from 92 IT companies during Apr-Sep 2004).

(From India Business Insight)

Software Technology Parks of India (STPI) states that 92 Information Technology (IT) companies set up office in Bangalore during Apr-Sep 2004.

Of these companies, 20 are business process outsourcing (BPO) companies while 56 companies involve 100 percent foreign equity. During Apr-Sep 2004, Bangalore witnessed an investment of Rs1,125 crore while its software exports increased by 34 percent. Currently, around 15 million square …