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Infosys gets govt nod SEZ

Posted by zh_wp on May 6, 2016
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Infosys gets govt nod to set up SEZ in Bengaluru

The government has approved the proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares.

The decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its meeting on April 28.

“The Board noted that the developer is in possession of the land. It decided to grant formal approval to the proposal,” the minutes of the BoA meeting said.

The Board also granted more time to as many as 20 developers to complete their projects.

Those that got additional time include Mayar Infrastructure Development for a biotechnology SEZ in Haryana, Wipro for IT SEZ in Karnataka and Vedanta for its sector-specific SEZ for manufacturing and exports of aluminium in Odisha.

Furthermore, it has approved application of Unitech Realty Project for change of name of the developer to Candor Gurgaon One Developers and Projects and also change in shareholding pattern of the company.


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