IT sector in West Bengal (India) to add 20,000 jobs in 2008

The information technology (IT) sector in West Bengal is likely to add 20,000 jobs in 2008. Currently the state has about 300 small to big sized companies and employs 55,000.

IT majors like Zensar Technologies, HCL, IBM, Cognizant, PWC, Capgemini, Wipro and, Genpact have lined up investment of INR 5,00 billion in setting up new centres and offices with manpower addition. According to recent study from Edelweiss Securities firm, around 40 percent rise in fresher salaries on IT firms over the next two years as multinational companies (MNCs) are planning to add over 1 lakh personnel in India by 2010, while global IT companies will add around 1.08 million employees in India by 2010, by increasing headcount to 2.73 lakh. This would be a 65.25 per cent increase from the 1.65 lakh employed by the end of 2007. In this effort, the West Bengal government is also trying to move up the value chain and make the state a chip fabrication hub in future. The government is trying to work out to attract various chip designing companies to set up offices in West Bengal's 'India Design Centre'. The West Bengal government has already invited chip giants such as Intel, Texas Instruments, Qualcomm, Cadence, Synopsis and Sequence to work at the centre.