Rajiv Gandhi Chandigarh Technology Park gets SEZ status

Chandigarh, May 22 (UNI) The Government of India has approved the status of Special Economic Zone (SEZ) to Rajiv Gandhi Chandigarh Technology Park.

A press release issued here today stated that the Union Ministry of Commerce and Industry has issued a notification in this regard.

It stated that the sector specific Special Economic Zone IT Park for Electronics and Hardware, Information Technology and it Enabled Services at village Kishangarh has been approved as a SEZ. Now the companies investing in the Technology Park would be able to avail the benefits of the scheme immediately. Infosys was waiting for the approval of the SEZ as they have already constructed more than 4,50,000 sq feets of IT space to start operation immediately.

The approval comes as a breather for all the companies who are looking forward to make Chandigarh as an investment and export destination.

Meanwhile, Chandigarh administration has also decided to apply for the extension of the SEZ scheme from Phase I to Phase II of the Rajiv Gandhi Chandigarh Technology Park.

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