Business Daily from THE HINDU group of publications
Friday, Dec 05, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Dec 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Info-Tech
-
Infrastructure States - Andhra Pradesh SEZ status irks Rushikonda IT cos
There is little incentive for these companies to go ahead with the projects if they are not given ownership of the land. Our Bureau Visakhapatnam, Dec. 4 Many industrial units –whether in the IT sector or others – wish to be situated in special economic zones, as it entitles them to a number of incentives and benefits, but some of the IT companies here – those situated on the two hillocks near Rushikonda beach near here – are finding it very irksome. They have appealed to the Union Commerce Ministry to de-notify the two SEZs. It may be noted that the State Government allotted lands to IT companies on the two hillocks near the Rushikonda beach, on the Visakhapatnam-Bhimli road, and subsequently they were notified as SEZs. The pace of progress has been very slow for many of the companies due to the economic recession and other factors, but the SEZ notification has also become a thorn in their flesh. Till now only two or three major IT companies such as Kenexa, or Symbiosis, have started operations and the others are going slow. They are disenchanted with the State Government, and the AP Industrial Infrastructure Corporation, for initially giving them land on payment of Rs 10 lakh an acre on ownership basis and subsequently converting the area into a special economic zone. They cannot own the land in an SEZ, as the stipulations do not permit it. Therefore, as the Vizag-Bhimli beach road is one of the most sought-after stretches in the city, there is little incentive for these companies to go ahead with the projects if they are not given ownership of the land. To make matters worse, the authorities have also served notices of some of the IT units for constructing their units without the necessary approvals and threatened to cut power supply. The Rushikonda IT Park Association contends that the entrepreneurs have been duped by the APIIC and initially they were allotted sites on payment of Rs 10 lakh an acre and they had also paid Rs 5 crore to the Visakhapatnam Urban Development Authority for development charges. They are aggrieved that after investing huge amounts and developing the area the Government was putting them to trouble, converting it into an SEZ without their consent, and creating additional problems for them in addition to the economic recession. The association is planning to move the court, if the State Government does not change its stance and make it easier for them. They have also appealed to the Union Commerce Ministry to intervene in the matter. More Stories on : Infrastructure | Andhra Pradesh
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, 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
|
