Summit misses IT bus

 Barring offers for a couple of IT projects totally worth around Rs 1,300 crore, the government has failed to attract any significant investment in the sector.

 This is evident from the fact that the deputy prime minister L K advani has asked the state to formulate policies that will bring Gujarat on par with IT destinations like Hyderababd, Bangalore and Pune.

 During the summit, Ambalal Sarabhai Enterprises Ltd showed interest in setting up an IT park at Vadodara at an investment of Rs 50 crore.

 Vibgyor Group of Companies offered to set up an info-cum-entertainment park at Bagodara at a cost of Rs 1,200 crore. Clearly, investors see no promising gains in this sector in the state.

 The software technology park at Gandhinagar too has not been faring too well, as several companies that have already registered at the park are considering exiting from the park.

 Both the deputy prime minister L K Advani and Union minister for information technology Arun Shourie had asked the state government to take all steps to promote IT in the state.

 Advani said at the summit