Punjab allots 50 acres land to Infosys in Mohali
Feb 07, 2014
Source : The Times of India


CHANDIGARH: The Punjab government has allotted 50 acres of land to IT major Infosys for setting up IT/ITES special economic zone at Mohali.

“We have allotted 50 acres of land to Infosys in Mohali for setting up its project,” Punjab Investment Bureau CEO Anirudh Tiwari said here today.

Infosys had signed an MoU with the Punjab government while proposing setting up an IT/ITES SEZ project with an investment of Rs 500 crore in Punjab Investors Summit between December 9-10 last year.

Infosys showed interest in setting up a campus in Punjab after the state government aggressively pursued IT companies last year for attracting IT investments into the state.
Punjab Deputy Chief Minister Sukhbir Singh Badal had met Infosys Chairman N R Narayana Murthy in Bangalore last year, asking the company to set up a campus in Mohali while assuring him of land in the upcoming Knowledge Park in Mohali and fast approvals.

Infosys is already having a 30-acre campus at Rajiv Gandhi Chandigarh Technology Park in Union Territory of Chandigarh with over 6,000 employees.

“Infosys has about Rs 1,400 crore of export turnover from its Chandigarh centre and it remains the biggest software exporter in this region,” Software Technology Park of India (Mohali) Joint Director Ajay Srivastava said, adding that the new campus of Infosys in Mohali would certainly boost IT investments in Punjab.

IT exports from Chandigarh, Mohali and Panchkula stood at Rs 2,200 crore in the last fiscal.

Among other projects, ITC which has committed an investment of Rs 680 crore for setting up a food and logistic centre in Punjab is likely to be given land in Kapurthala.
“62 acres of land has been identified for ITC for its project in Kapurthala focal point,” said Tiwari.

ITC Group Chairman, Y C Deveshwar had announced setting up a globally competitive food processing industry in Punjab on December 9 at Punjab Investors summit.
Another agro-processing company Cargill India has been actively pursuing its investments plans in the state as it looks to set up a state-of-the-art cattle feed plant at Bathinda.

Cargill India had signed an MoU with the Punjab government for setting up an ultra-modern cattle feed mill with an investment of Rs 70 crore.

Punjab had managed to ink 117 agreements with companies, including Mukesh Ambani-led RIL, Airtel etc involving investments of over Rs 65,000 crore at two day Punjab Investors summit held last year.

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