US fund managers to participate in Bangalore IT.COM

Bangalore IT.COM'99, the second edition of the

International IT exposition, is planning to attract US fund managers and venture

capitalists in the country to woo prospective candidates and companies with a

technological edge.

To be held in Bangalore between November 1 and 5 at the

Electronic City, the event is expected to attract more than 500 companies and generate a

business in excess of Rs 500 crore.

India's expertise in the software and solutions businesses,

and the cyber fames of India such as Sabeer Bhatia and Rakesh Jain have further increased

the international community's interest in Indian start-up companies and Indian software

brains. On registration of participation for the event, the organizers of Bangalore IT.Com

are expected to give the names and contact persons of these funding companies; to enable

the Indian companies take advantage of the right kind of partners they are looking for.

And based on the availability of the people representing these organizations, one-to-one

meetings with the international giants will also be organized for the Indian companies.

This Government of Karnataka initiated event will have five

focus pavilions showcasing fast emerging IT sectors like Linux, ERP, E-Commerce,

Infrastructure and Home, on a 20,000 sq mt space. This Business-to-Business event is

expected to attract over two lakh visitors and provide a broader platform for participants

to launch new products and to meet the challenges and rewards of the new millennium. The

event is organized by the Electronics City Industries Association (ELCIA) and managed by

Cyberexpo.

"In sheer magnitude we expect Bangalore IT.COM '99 to

be the largest IT event in India. Moving forward from the inspiring success of the

previous edition, we have made every effort to ensure that this year's event aids a more

significant interplay between participants and potential business partners," said

Mr.Sanjoy Das Gupta, Secretary, Information Technology, Government of Karnataka. In

keeping with the Government's objective of encouraging entrepreneurship, Bangalore IT.COM

'99 will help provide an ideal bridge between entrepreneurs and their consumers. The

emphasis will be on projecting Bangalore as the IT capital of India and thereby attract

investments by multinational IT companies into this fast growing IT destination.

Participation of IT majors like Compaq, IBM, Intel, Sun

Microsystems, Wipro, Infosys, Texas Instruments has been confirmed already.