MP: IT giant Infosys to get SEZ status in Feb-Mar

Indore, Jan 30: The Union Ministry of Commerce is likely to grant Special Economic Zone (SEZ) status to the country's top IT company - Infosys by the end of Feb or early Mar this year.

Earlier, on Jan 24, The commerce Ministry had granted SEZ status to another IT giant - Tata Consultancy Services (TCS) to set up their IT hub in Indore.

According to officials from the Commerce Ministry, non-availability of land was a major issue due to which Infosys could not apply for the SEZ status before Jan 24.

Now, the Indore Development Authority (IDA) has solved all land acquisitions issues and the IT major will sign a Memorandum of Understanding (MoU) with the Madhya Pradesh government for 130 acres of land in Indore.

"The next board of approval meeting for granting SEZ status will be held in Feb end or Mar first week and it is likely that Infosys will get SEZ status," Development Commissioner, Madhya Pradesh, A K Rathore said.

The Infosys and TCS together in Indore will provide at least 30,000 jobs for engineers and will also provide businesses to hundreds of ancillary units. The state Cabinet had earlier cleared the proposals to offer 130 acres and 100 acres of land each to TCS Technologies and Infosys. The land has been allotted at the rate of Rs 20 lakh per acre.

OneIndia News