Gujarat may lead the next wave of IT growth: Nasscom

The IT apex trade body Nasscom said that Gujarat has the potential to lead next wave of growth in the IT/ITeS segment amidst the pack of 44 cities identified by it for future growth in business.

"I think we have just started touching the IT space in Gujarat. In the wake of demand, we see business growing in 44 cities of the country, out of which Ahmedabad, Vadodara and Surat have clearly emerged on the top," Nasscom President Som Mittal said, while speaking at IT Summit-2010 organised in Ahmedabad.

Mittal said, it seems that two or three big names in the IT sector are looking to establish base in Gujarat, which could build up the momentum as in the case of Hyderabad, Chennai and Pune in past.

Erstwhile, Satyam Computer Services (SCS) now Mahindra Satyam today indicated that it will be establishing a base in Gujarat, after getting a strong recommendation from an joint internal panel.

"A combined internal panel of Satyamites and Tech Mahindra has recommended that we grow in Gujarat. It's too early to comment. I could be talking to private sector for growth or I could be talking to Gujarat government," Mahindra Satyam CEO C P Gurnani said.

SCS, had proposed to set up a IT Park in Gandhinagar in December 2006 near the TCS project, but after the multi crore fraud came out in the compnay, it had abandoned the project and surrendered the land.

"A study conducted by Nasscom reveals that the current revenues in this year will be in excess of $70 billion, including the services sector," Mittal said.

Nasscom has projected the revenues to touch $225 billion mark by 2020.