Jaipur and Nagpur are the only other Indian cities to have made the cut in the global list that covers nations like China, Brazil, Malaysia, Mexico, Argentina, Russia, Poland, Mauritius and Egypt.

The report, ‘Exploring global frontiers — the new emerging destinations’, has lauded the proposed Gujarat International Finance Tec-City (GIFT) and moves to improve English language proficiency.

According to KPMG, the key drivers for Ahmedabad to emerge as a favourable IT-ITeS destination are its huge pool of qualified human resource, especially with finance and accounting background, leading educational institutes like IIM-A, and a 30% cost advantage over premier IT-BPO hubs like Mumbai, Bangalore and NCR in terms of compensation levels and rentals.

“Cost of living is relatively low as compared to tier-I cities. Cost of housing is 40-70% cheaper as compared to cities like Mumbai,” the report states.

The report said: “The city has a large talent pool with over 1.73 lakh students enrolled in commerce and arts streams (2006-07) to support the industry. It also produces a large number of chartered accountants. The city is home to renowned engineering and management institutes.”

Commenting on the report, KPMG global partner-in-charge, IT advisory, Egidio Zarrella said: “Though established locations may still be considered as epicentres of outsourcing, entities are beginning to look at alternative locations due to favourable business environment, access to a good supply of talent, good quality of life and lower costs.”

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Infosys will be paid 250 crores for 5 years. I-T department will provide the office space and Infosys will be responsible for the hardware, logistics to move scanned tax returns to the centralized processing unit and software for data mining.