The Silicon Valley of India continues to be a preferred destination for a host of software companies: the first quarter ended 30 June 2003 witnessed a 45 per cent increase in the number of new business process outsourcing (BPO) companies to commence operations here, when compared to the corresponding period last year.
About 13 new BPO companies started their operations in Bangalore during the first quarter of this fiscal.
This was announced by B V Naidu, director, Software Technology Parks of India, Bangalore on Wednesday.
More From This Section
While announcing that Bangalore will play host to the 2003 India Outsourcing Summit to be held on October 15 and 16, Naidu said the software industry in Bangalore will have a lot to gain from this summit which is part of Outsourcing World Summit Conference Series.
According to B V Naidu, director, Software Technology Parks of India, the investment from BPO companies in Bangalore has also witnessed a 51 per cent increase in the first quarter of this fiscal, when compared to the corresponding period last year.