Mumbai : Beset by traffic woes, companies like Infosys, Tech Mahindra, Tata Consultancy Service, Wipro, Accenture and others, are exiting the Information Technology (IT) Park at Hinjewadi. Routine traffic snarls, coupled with inadequate infrastructure have compelled 56 companies, including six multi-nationals to bid goodbye to Hinjewadi IT park.
On the one hand, the Bharatiya Janata Party government is making attempts to attract investors to Maharashtra, but on the other, it has failed to ensure infrastructure in these IT parks, causing companies to jump ship. IT Park insiders complain of a losses of hundreds of crores of rupees because of regular traffic jams. In addition to eight-hour workdays, people are spending three to four hours daily just in commute. Since the staff is regularly delayed, the company officials are greatly inconvenienced.
Commuting woes also throw a spanner in the works when companies plan seminars, workshops and other programmes. As a result, companies now end up holding their events in other cities, which is proving to be cheaper for them.
Two companies initially located in Hinjewadi, IT Park, moved to Balewadi and Kharadi in the last two years. Of the 56 companies moving out, many are shifting to Wakad, Baner, Balewadi and Teerth IT Technospace. Some have also moved to other areas of Pune city. Many multinational companies have shut down their offshore development centre in Hinjewadi.