MP govt clears 100 acres land to Infosys & TCS

Indore, Jan 12: Indore Development Authority (IDA), the nodal agency for land acquisition has cleared the proposal to handover about 100 acres of land to the Information Technology Department of state for Infosys and Tata Consultancy Services (TCS).

Meanwhile, IDA faced small problems in acquiring land for Infosys near super corridor. Farmers who had refused to hand over their land demanding more money earlier, signed a memorandum of understanding with the development authority on Jan 11.

Sources said that all issues related to registration of land for Infosys have been solved. Meanwhile, IDA had registered 90 per cent of the land allotted for Infosys and the remaining will be registered in next few days.

It is learnt that IDA will first hand over the land to IT department for TCS through a Memorandum of Understanding (MoU) with state government in the next couple of days and thenceforth the cleared land for Infosys will also be handed over.

The Infosys and TCS hubs in Indore will provide at least 1,000 jobs for engineers and will also provide businesses to hundreds of ancillary units. State cabinet had earlier cleared the proposals to offer 100 acres of land each to TCS Technologies and Infosys. The land has been allotted at the rate of Rs 20 lakh per acre.

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