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India to spend 550 million dollars to improve roads in IT hub
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    • BANGALORE, India (AFP) Sep 27, 2004
     The Indian government is to pump 25.5 billion rupees (550 million dollars) into improving the road network in Karnataka state, home of IT hub Bangalore, a minister said Monday.

    India's junior minister for Road Transport and Highways, T.R. Balu said rapid industrialisation and a booming outsourcing industry in the southern state had put tremendous strain on highways.

    "Some of the projects which are cleared are direly needed," Balu told reporters.

    IT companies complain that the sub-continental "Silicon Valley" is losing its lustre due to congested roads and acute power cuts.

    According to the Software Technology Parks of India, which facilitates hi-tech exports, 284 technology firms have set up base in the region over the last two years taking the total there to 1,322.




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