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IT firms interest in SEZ `melts` away
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IT firms interest in SEZ `melts` away
4Dec 2008 ,HYDERABAD: In view of the economic slowdown, companies are unwilling to set up their offices at the proposed IT and
ITeS Special Economic Zone (SEZ) at Kokapet on the city outskirts.
The Hyderabad Metropolitan Development Authorities (HMDA) has proposed the SEZ exclusively for IT and ITeS companies on an extent of 119 acres at Kokapet village.
Land has been allotted to 11 companies by the urban development authority. Google has been allotted 20 acres, M/s Patni Computer Systems Pvt Ltd 24 acres, M/S Sonata Software Ltd 7.04 acres, M/s Intelli Group Asia (p) ltd 4 acres, M/s Conexant has got 4.36 acres, M/s C-bay System (India) Pvt Ltd 6.42 acres, M/s Cognizant Technology Solutions has been allotted 9.05 acres, M/s Qualcom 7.34 acres, M/s DQ Entertainment Ltd 2.87 acres, Infinite Computers Solutions Pvt Ltd 4.85 acres and M/s Tech Mahindra has got 8.43 acres.
The land is being given on a 20-year lease to the firms at the cost of Rs 25 lakh per acre and another Rs 25 lakh per acre for providing infrastructure at the SEZ.
While M/S Qualcom has dropped its plans, Google has not paid the full amount as yet. While Google, which owes Rs 10 crore towards the land and development cost, it has paid only Rs 4 crore, other companies like Patni Computers, Conexant and Cognizant Technology Solutions have paid the amount in full but did not get their land registered.
"Google was given time till the end of November this year but it did not pay the remaining amount. It is up to the government to take a decision on the cancellation of the land allotted to it,`` an official said.
HMDA initially proposed a second SEZ if the response was good from IT and ITeS industries. But many companies did not evince interest in the SEZ due to slowdown in the software industry and the land litigation cases at Kokapet.
It is only after some companies paid money and took possession of land HMDA began development works at the SEZ. Infrastructure facilities like a link road is being laid from Shankerpally to Outer Ring Road at Vattinagulapally and internal roads will be ready by next few months. Licences of two mining companies in this area have been cancelled by the state government to pave the way for internal roads in the IT SEZ.
"The HMDA will select core developer for providing facilities like water supply, drains, electricity and other facilities very soon. The companies have been asked to start their work at the allotted sites,`` HMDA chief engineer Vivek Deshmukh said.
Source:
http://timesofindia.indiatimes.com/Cities/Hyderabad/IT_firms_interest_in_SEZ_mel
ITeS Special Economic Zone (SEZ) at Kokapet on the city outskirts.
The Hyderabad Metropolitan Development Authorities (HMDA) has proposed the SEZ exclusively for IT and ITeS companies on an extent of 119 acres at Kokapet village.
Land has been allotted to 11 companies by the urban development authority. Google has been allotted 20 acres, M/s Patni Computer Systems Pvt Ltd 24 acres, M/S Sonata Software Ltd 7.04 acres, M/s Intelli Group Asia (p) ltd 4 acres, M/s Conexant has got 4.36 acres, M/s C-bay System (India) Pvt Ltd 6.42 acres, M/s Cognizant Technology Solutions has been allotted 9.05 acres, M/s Qualcom 7.34 acres, M/s DQ Entertainment Ltd 2.87 acres, Infinite Computers Solutions Pvt Ltd 4.85 acres and M/s Tech Mahindra has got 8.43 acres.
The land is being given on a 20-year lease to the firms at the cost of Rs 25 lakh per acre and another Rs 25 lakh per acre for providing infrastructure at the SEZ.
While M/S Qualcom has dropped its plans, Google has not paid the full amount as yet. While Google, which owes Rs 10 crore towards the land and development cost, it has paid only Rs 4 crore, other companies like Patni Computers, Conexant and Cognizant Technology Solutions have paid the amount in full but did not get their land registered.
"Google was given time till the end of November this year but it did not pay the remaining amount. It is up to the government to take a decision on the cancellation of the land allotted to it,`` an official said.
HMDA initially proposed a second SEZ if the response was good from IT and ITeS industries. But many companies did not evince interest in the SEZ due to slowdown in the software industry and the land litigation cases at Kokapet.
It is only after some companies paid money and took possession of land HMDA began development works at the SEZ. Infrastructure facilities like a link road is being laid from Shankerpally to Outer Ring Road at Vattinagulapally and internal roads will be ready by next few months. Licences of two mining companies in this area have been cancelled by the state government to pave the way for internal roads in the IT SEZ.
"The HMDA will select core developer for providing facilities like water supply, drains, electricity and other facilities very soon. The companies have been asked to start their work at the allotted sites,`` HMDA chief engineer Vivek Deshmukh said.
Source:
http://timesofindia.indiatimes.com/Cities/Hyderabad/IT_firms_interest_in_SEZ_mel
