Comments
IT major Infosys will invest ₹100 crore to set up a facility in the State, West Bengal Chief Minister Mamata Banerjee told reporters here on Tuesday.
The company had earlier put its Bengal project on hold, despite possessing land, for want of SEZ status.
It had paid ₹75 crore in 2011-12 for 50 acres of land in the satellite township of Rajarhat.
Despite attempts to resolve the issue by the then IT Minister Partha Chatterjee, the deadlock continued. Infosys sought SEZ status, which the State government had refused.
According to sources, the State government has now decided to offer fiscal benefits to Infosys in lieu of SEZ status.
A formal announcement on the benefits is expected after Cabinet approval.
“Infosys will invest ₹100 crore for a campus, but without SEZ status,” Mamata said.
Sources say Infosys top brass have written to officials of the State IT Department, expressing willingness to resume work here. Around 1,000 people will be employed at the campus.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.