Financial Daily from THE HINDU group of publications
Sunday, Mar 26, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Government - Policy
Corporate - New Projects
Info-Tech - Software


Karnataka Govt clears Infosys land acquisition

Our Bureau

Bangalore , March 25

Infosys Technologies' pursuit of land acquisition in the city ended with the Karnataka Government finally having cleared its case recently for 845 acres.

Mr Shankarlinge Gowda, IT & BT Secretary to the Karnataka Government, told Business Line that allotment of land on Sarjapur Road had been made after getting the green signal from the land audit committee.

Earlier, Infosys' efforts to acquire land around Bangalore were mired in controversy after the former Prime Minister, Mr H.D. Deve Gowda, had expressed his reservation over the previous Government's "indiscriminate land allotment'' to IT companies, including Infosys. He had sought details of land allotment against the employment generated, which the company provided in October.

New proposals

The company had also put on hold its expansion of operations in the city, citing lack of space. Now, Infosys proposes to set up a software development centre and a residential facility for its employees in the new plot. It expects to generate 25,000 jobs in the new facility, and will invest Rs 1,500 crore in the first phase.

Related Stories:
Infosys contribution nothing compared to other IT cos: Gowda
`Political row no setback to Infosys biz plans'

More Stories on : Policy | New Projects | Software | Real Estate & Construction | Infosys Technologies Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Immigration reform package on US Senate floor next week


Karnataka Govt clears Infosys land acquisition
Anil Ambani quits as Rajya Sabha MP
SBI lines up three unlisted associates



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line