Showing posts with label tier-2. Show all posts
Showing posts with label tier-2. Show all posts

Tuesday, March 8, 2011

HTC Global Services opens office in Chennai for BPO - has land in Chennai and Trichy

IT and BPO company, HTC Global Services inaugurated its 1.5 lakh sq ft facility at Guindy in Chennai on Tuesday. While the centre can house about 1,500 employees, HTC plans to hire over 3,000 professionals over the next one year, senior company official said.

Madhava Reddy, founder-president and CEO of HTC, said: “We invested over Rs 300 crore in the last one year to expand our current facilities in MEPZ (Madras Export Processing Zone) and to acquire new facilities in Chennai and Hyderabad. The centre in Guindy is our first own campus and we plan to move certain insurance operations there in phases.”

Michigan-headquartered HTC offers IT and back office solutions to clients across verticals.

According to Chary Mudumby, VP of HTC, the company is also considering expansion in a few tier II cities in Tamil Nadu and Andhra Pradesh. HTC has land in cities including Thiruchirapalli (Trichy) and Chennai and it is mulling about starting BPO operations in the second tier cities, he added.

Tuesday, July 15, 2008

Difference between tier-I, tier-II and tier-III

Sponsored by OruAcre.com

Metros are basically regarded as Tier I cities, relatively smaller cities are regarded as Tier II cities whereas smaller cities are considered as Tier III ones. Here is the explanation why they are considered so:-

As Indian economy experiences the boom in all sectors triggered by its economic and investment policies, the metros or the Tier I cities are the ones that are inundated with burgeoning investments in the industrial and the services sector. Along with large-scale investments has boomed the realty sector creating congestion, arising out of an increasing demand for residential and commercial properties. This congestion in realty structures has forced the respective governments and many investment companies to seek out for alternative smaller cities leading to a demand for Tier II and III cities.

One of the basic reasons for investments flocking in to the smaller cities is available properties and affordable prices. Moreover, the special initiatives taken by the respective governments in providing the smaller cities with infrastructural facilities and creation of SEZs, has played a vital role in promoting these small towns into cities of the future. Keeping in view all the congenial factors necessary for setting up corporate infrastructure, the investing companies ranging from pharmaceuticals to financial institutions, automobiles to the IT & ITES sectors; to the retail and real estate sector are opting for the smaller cities transforming them into India's fastest growing cities in a matter of few years.

The large scale investments by the corporate sector in the smaller cities apart from initializing economic prosperity and job opportunities has also created demand for realty spaces. While developers from all the nearby areas flock in to cater to the real estate demands, the property markets in these smaller cities are witnessing along with a changing skyline, an unprecedented hike in real estate prices. While the realty trend in Tier I cities have reached a saturation point, with the yield gap witnessing significant margin of 9.5 to 10 per cent, the Tier II cities record a yield of 10.5 to 11.5 per cent. However, the emerging winners in the present real estate scenario of India are the Tier III cities, which offer greater yields of up to 12 percent. This rising prices and promising future of these cities are driving investors to buy properties predicting long-term gain in years to come.

Recent trend also shows that due to lack of availability of business equipped infrastructure and exorbitant property prices in the existing metros, the IT, ITES and the BPO companies are vying for the smaller cities where they are promised better infrastructure, state-of-the-art office spaces and also skilled manpower. A careful study of these Tier III cities reveals the close proximity of these cities, to the most happening cities of India like Delhi, Mumbai, Bangalore to name a few. Thereby, it will be no mistake if they are called the extension cities of the booming metros. Of late, the tier II cities like Pune, Kolkata and Hyderabad have made business opportunities and infrastructural development like never before. Now it is the turn of the Tier III cities or the smaller cities like Jaipur, Ghaziabad, Kochi, etc. to make it big into the realty business as the government and the corporate sector target them as 'India's Next Destination Cities'.

sourcing from p a v a n @ w i k i a n s w e r s

Difference between tier-I, tier-II and tier-III

Sponsored by OruAcre.com

Metros are basically regarded as Tier I cities, relatively smaller cities are regarded as Tier II cities whereas smaller cities are considered as Tier III ones. Here is the explanation why they are considered so:-

As Indian economy experiences the boom in all sectors triggered by its economic and investment policies, the metros or the Tier I cities are the ones that are inundated with burgeoning investments in the industrial and the services sector. Along with large-scale investments has boomed the realty sector creating congestion, arising out of an increasing demand for residential and commercial properties. This congestion in realty structures has forced the respective governments and many investment companies to seek out for alternative smaller cities leading to a demand for Tier II and III cities.

One of the basic reasons for investments flocking in to the smaller cities is available properties and affordable prices. Moreover, the special initiatives taken by the respective governments in providing the smaller cities with infrastructural facilities and creation of SEZs, has played a vital role in promoting these small towns into cities of the future. Keeping in view all the congenial factors necessary for setting up corporate infrastructure, the investing companies ranging from pharmaceuticals to financial institutions, automobiles to the IT & ITES sectors; to the retail and real estate sector are opting for the smaller cities transforming them into India's fastest growing cities in a matter of few years.

The large scale investments by the corporate sector in the smaller cities apart from initializing economic prosperity and job opportunities has also created demand for realty spaces. While developers from all the nearby areas flock in to cater to the real estate demands, the property markets in these smaller cities are witnessing along with a changing skyline, an unprecedented hike in real estate prices. While the realty trend in Tier I cities have reached a saturation point, with the yield gap witnessing significant margin of 9.5 to 10 per cent, the Tier II cities record a yield of 10.5 to 11.5 per cent. However, the emerging winners in the present real estate scenario of India are the Tier III cities, which offer greater yields of up to 12 percent. This rising prices and promising future of these cities are driving investors to buy properties predicting long-term gain in years to come.

Recent trend also shows that due to lack of availability of business equipped infrastructure and exorbitant property prices in the existing metros, the IT, ITES and the BPO companies are vying for the smaller cities where they are promised better infrastructure, state-of-the-art office spaces and also skilled manpower. A careful study of these Tier III cities reveals the close proximity of these cities, to the most happening cities of India like Delhi, Mumbai, Bangalore to name a few. Thereby, it will be no mistake if they are called the extension cities of the booming metros. Of late, the tier II cities like Pune, Kolkata and Hyderabad have made business opportunities and infrastructural development like never before. Now it is the turn of the Tier III cities or the smaller cities like Jaipur, Ghaziabad, Kochi, etc. to make it big into the realty business as the government and the corporate sector target them as 'India's Next Destination Cities'.

sourcing from p a v a n @ w i k i a n s w e r s

Monday, July 14, 2008

Challenges in Tier-II cities like Chennai Salem Coimbatore and Trichy

Here are few challenges in Tier-II cities like Chennai, Coimbatore, Trichy and Salem:

Lack of

quality commercial space,
infrastructure development,
quality hotels,
public transport in peripheral areas,
availability of recreational and
educational facilities and
rise in labour and real estate costs.


Sponsored by OruAcre.com

Challenges in Tier-II cities like Chennai Salem Coimbatore and Trichy

Here are few challenges in Tier-II cities like Chennai, Coimbatore, Trichy and Salem:

Lack of

quality commercial space,
infrastructure development,
quality hotels,
public transport in peripheral areas,
availability of recreational and
educational facilities and
rise in labour and real estate costs.


Sponsored by OruAcre.com

Monday, May 12, 2008

CII Chennai Zone welcomes and suggest TN Government for Tier-II cities

CII Confederation of Indian Industry Chennai Zone Chairman R. Dinesh says -

Further development of Chennai-Tuticorin corridor,focus on Chennai tuticorin airports,and linking chennai tuticorin and Chennai Tirunelveli corridors would support the industry.

Dinesh requested the government to frame a new IT policy in such a way that it helped IT companies look at investments in Tier II and Tier III cities.


CII Chennai welcomes government initiatives to develop southern Tamil Nadu.

CII Chennai Zone welcomes and suggest TN Government for Tier-II cities

CII Confederation of Indian Industry Chennai Zone Chairman R. Dinesh says -

Further development of Chennai-Tuticorin corridor,focus on Chennai tuticorin airports,and linking chennai tuticorin and Chennai Tirunelveli corridors would support the industry.

Dinesh requested the government to frame a new IT policy in such a way that it helped IT companies look at investments in Tier II and Tier III cities.


CII Chennai welcomes government initiatives to develop southern Tamil Nadu.

Saturday, April 26, 2008

Vijay Shanthi Builders, Salem

Vijay Shanthi Builders would construct an integrated township having premium villas with luxurious amenities in the foot hills of Yercaud and Salem.

They also said they will also announce new projects to cater to mid and premium segments in tier-II cities.

Hopefully they will soon come to Chennai, since it is one of the tier-II cities.

Vijay Shanthi Builders, Salem

Vijay Shanthi Builders would construct an integrated township having premium villas with luxurious amenities in the foot hills of Yercaud and Salem.

They also said they will also announce new projects to cater to mid and premium segments in tier-II cities.

Hopefully they will soon come to Chennai, since it is one of the tier-II cities.

Friday, April 18, 2008

Chennai ideal for BPO business/company: Chennai advantage as a tier-II city

Sponsored by OruAcre.com

According to a recent study conducted by consultancy firm Everest Group, the increased real estate prices and a talent crunch in metros are forcing the $11 billion Indian BPO industry to move to tier II cities in the country.

"It is difficult to maintain the growth in tier I cities because of the rising real estate prices and talent crunch. There is no option but to move to tier II cities," Everest Group's Country Head (India) Gaurav Gupta said.

Currently, BPO industry is concentrated in seven cities namely Bangalore, NCR, Mumbai, Pune, Chennai, Hyderabad and Kolkata.

"Movement to lower-cost cities within India is likely to result in additional 15 to 30 percent reduction in operating cost despite lower employability and higher management costs," head of Global Services at Everest Research Institute Nikhil Rajpal said.

Everest Group is a global consulting firm specializing in sourcing and offshoring advisory services. The study ranks several tier II and tier III cities on their potential to become the next BPO hubs for various domains in the future.

For finance and accounting services, Ahmedabad, Nagpur, Jaipur, Indore and Nashik/Nasik emerge as ideal cities to host BPO firms.

Similarly, Nagpur, Vishakhapatnam, Ahmedabad, Mundra, Coimbatore and Chennai are ideal locations to have BPO operations in logistics domain.

Sourcing from SI

Chennai ideal for BPO business/company: Chennai advantage as a tier-II city

Sponsored by OruAcre.com

According to a recent study conducted by consultancy firm Everest Group, the increased real estate prices and a talent crunch in metros are forcing the $11 billion Indian BPO industry to move to tier II cities in the country.

"It is difficult to maintain the growth in tier I cities because of the rising real estate prices and talent crunch. There is no option but to move to tier II cities," Everest Group's Country Head (India) Gaurav Gupta said.

Currently, BPO industry is concentrated in seven cities namely Bangalore, NCR, Mumbai, Pune, Chennai, Hyderabad and Kolkata.

"Movement to lower-cost cities within India is likely to result in additional 15 to 30 percent reduction in operating cost despite lower employability and higher management costs," head of Global Services at Everest Research Institute Nikhil Rajpal said.

Everest Group is a global consulting firm specializing in sourcing and offshoring advisory services. The study ranks several tier II and tier III cities on their potential to become the next BPO hubs for various domains in the future.

For finance and accounting services, Ahmedabad, Nagpur, Jaipur, Indore and Nashik/Nasik emerge as ideal cities to host BPO firms.

Similarly, Nagpur, Vishakhapatnam, Ahmedabad, Mundra, Coimbatore and Chennai are ideal locations to have BPO operations in logistics domain.

Sourcing from SI

Saturday, April 12, 2008

Chennai, Coimbatore, Dindigul and Chennai: Tier-1, Tier-2, Tier-3 and Tier-4 Cities of tamil nadu



Please refer to the map above for the districts/cities we refer to.

Government has divided the districts into four different categories, based on the level of existing development, infrastructure and the level of infrastructure and development needed in the years to come.

As years go by, if the cities progress, the city moves to upper tiers.
The four tiers are Tier-1, Tier-2, Tier-3 and Tier-4 cities.

For example, Tier-1 constitutes Chennai. Tier-2 constitutes Coimbatore, Chennai, Trichy etc., Tier-4 constitutes Dindigul.

Coimbatore is a strategic development centre for Cognizant like software companies, similar to the ones we have in Chennai, Kolkata, Pune, Bangalore, Hyderabad and Mumbai. Cognizant is committed to grow the centre, leveraging the rich talent pool of technical professionals in the region.

Coimbatore will soon emerge as a Tier-1 city for IT in one year, based on the growth we are seeing.

It is not only Coimbatore that is on the Tier-2 city map of Tamil Nadu, but also Trichy, Chennai, Salem, Hosur and Tirunelveli.

Other than Coimbatore, Tamil Nadu is trying to develop Tier-2 cities spreading across the entire state; from Chennai at the northern end to Tirunelveli at the southern tip. Sekar Ponniah of Global Software Solutions (TVL) Pvt Ltd started a 100 % Export Oriented Unit located at Tirunelveli in the year 2000.

While we look at the map above, Dindigul, which is a Tier-4 cities, is strategically located between Coimbatore, Karur and Chennai.

Coimbatore, which is currently a Tier-2 might move up to Tier-1 city soon. Chennai, which is Tier-2 city is also improving. Karur is a very well industrialized export unit. Now, Dindigul present in between Chennai, Karur and Coimbatore has lot of advantages in future.

Note down, in your diary - Dindigul will become big someday, considering its georgraphic location.

Chennai, Coimbatore, Dindigul and Chennai: Tier-1, Tier-2, Tier-3 and Tier-4 Cities of tamil nadu



Please refer to the map above for the districts/cities we refer to.

Government has divided the districts into four different categories, based on the level of existing development, infrastructure and the level of infrastructure and development needed in the years to come.

As years go by, if the cities progress, the city moves to upper tiers.
The four tiers are Tier-1, Tier-2, Tier-3 and Tier-4 cities.

For example, Tier-1 constitutes Chennai. Tier-2 constitutes Coimbatore, Chennai, Trichy etc., Tier-4 constitutes Dindigul.

Coimbatore is a strategic development centre for Cognizant like software companies, similar to the ones we have in Chennai, Kolkata, Pune, Bangalore, Hyderabad and Mumbai. Cognizant is committed to grow the centre, leveraging the rich talent pool of technical professionals in the region.

Coimbatore will soon emerge as a Tier-1 city for IT in one year, based on the growth we are seeing.

It is not only Coimbatore that is on the Tier-2 city map of Tamil Nadu, but also Trichy, Chennai, Salem, Hosur and Tirunelveli.

Other than Coimbatore, Tamil Nadu is trying to develop Tier-2 cities spreading across the entire state; from Chennai at the northern end to Tirunelveli at the southern tip. Sekar Ponniah of Global Software Solutions (TVL) Pvt Ltd started a 100 % Export Oriented Unit located at Tirunelveli in the year 2000.

While we look at the map above, Dindigul, which is a Tier-4 cities, is strategically located between Coimbatore, Karur and Chennai.

Coimbatore, which is currently a Tier-2 might move up to Tier-1 city soon. Chennai, which is Tier-2 city is also improving. Karur is a very well industrialized export unit. Now, Dindigul present in between Chennai, Karur and Coimbatore has lot of advantages in future.

Note down, in your diary - Dindigul will become big someday, considering its georgraphic location.

Tuesday, April 8, 2008

Chennai's Potential Lost in past

What do you know about Chennai-TamilNadu?

You may know - Chennai is known as :
ATHENS OF THE EAST
TEMPLE CITY OF INDIA
LAND OF NECTARS etc...

You may Know - Chennai is famous for its :

Meenakshi Temple
Tradition and Culture
Fragrant-smell JASMINE Flowers
Granite Marble stones
Tasty Food etc.,

While asking experienced people - they'll reply :

Chennai lacks Industrialization so lost millions of its native people to other cities.

That is real truth ! Did you know one thing ?

Our Temple city Chennai is losing nearly 40,000 Graduates every year to other cities like Chennai, Hyderabad, Bangalore, Mumbai and losing 50% of its Man-power to the industrialised cities like Coimbatore, Tirupur and Erode due to Unemployment.

Just Imagine the status of our city if those people remained here for work! None of the previous Governments took efforts to develop the Historic temple city. We had lost a Second MetroPolitan city of TamilNadu - YES !!! - Our Chennai might have become a Metropolitan city some decades ago next to those 4 Cities like what PUNE,BANGALORE,HYDERABAD is now emerging!! If there was a proper Governance and Good Local Administration.

But Taking its Potential into account - Our Present State and Central Governments had come forward atlast to develop our City Chennai right now.

Do anyone of you know its results ?

MADURAI is the only Tier-II City which attracted the Investments for More than Rs.50,000 Crores in the last two years which is now equal to the same power of Metros and Mini Metro cities of India.

Since this article is about improvement of Chennai, sourcing it from another chennai well wisher - chennai gilli - all for wellness of Chennai!

Chennai's Potential Lost in past

What do you know about Chennai-TamilNadu?

You may know - Chennai is known as :
ATHENS OF THE EAST
TEMPLE CITY OF INDIA
LAND OF NECTARS etc...

You may Know - Chennai is famous for its :

Meenakshi Temple
Tradition and Culture
Fragrant-smell JASMINE Flowers
Granite Marble stones
Tasty Food etc.,

While asking experienced people - they'll reply :

Chennai lacks Industrialization so lost millions of its native people to other cities.

That is real truth ! Did you know one thing ?

Our Temple city Chennai is losing nearly 40,000 Graduates every year to other cities like Chennai, Hyderabad, Bangalore, Mumbai and losing 50% of its Man-power to the industrialised cities like Coimbatore, Tirupur and Erode due to Unemployment.

Just Imagine the status of our city if those people remained here for work! None of the previous Governments took efforts to develop the Historic temple city. We had lost a Second MetroPolitan city of TamilNadu - YES !!! - Our Chennai might have become a Metropolitan city some decades ago next to those 4 Cities like what PUNE,BANGALORE,HYDERABAD is now emerging!! If there was a proper Governance and Good Local Administration.

But Taking its Potential into account - Our Present State and Central Governments had come forward atlast to develop our City Chennai right now.

Do anyone of you know its results ?

MADURAI is the only Tier-II City which attracted the Investments for More than Rs.50,000 Crores in the last two years which is now equal to the same power of Metros and Mini Metro cities of India.

Since this article is about improvement of Chennai, sourcing it from another chennai well wisher - chennai gilli - all for wellness of Chennai!