Bangalore: The IT industry has called off the boycott of Asia's premier technology showcasing event BangaloreIT.in 2005, beginning on October 26, after detailed discussions with the Karnataka Government on Thursday.

During the discussions, the Chief Minister, N. Dharam Singh, assured a team of concerned businessmen led by Infosys chairman N.R. Narayana Murthy, that infrastructure concerns in Bangalore would be addressed on a priority basis.

He announced that a six-member committee with representation from both industry and the Government would be set up to monitor the progress on various infrastructure projects.

"We have resolved the issues and are satisfied with the initiatives of the Government. There is no question of IT industry boycotting the IT show as it is meant for the industry's growth in the State," Murthy told a press conference after the meeting.

The Chief Minister also agreed to ban trucks during certain hours to reduce traffic congestion in Bangalore, and to accelerate work on various projects, including some 10 major arterial roads and 15 flyovers.

It may be recalled that the Bangalore Forum for Information Technology (BFIT) and the Bangalore Chamber of Industry and Commerce (BCIC) had given the boycott call, in protest against the Government's apathy over the infrastructural problems being faced by the city.

Heads of leading IT firms, besides, representatives of BCIC and the Federation of Karnataka Chambers of Commerce and Industry attended the meeting.

The IT industry in Karnataka has ruled out reservation for Kannadigas in jobs, while assuring that the talent in the State would be scouted and given opportunity. Narayana Murthy said 97.5 per cent of the revenue for his company came from the first world countries such as the US, Germany and Japan, and ``they do not care what your problems are."