Infosys to set office in Nagpur- Coming up with MIHAN SEZ
A few years back Infosys was a major IT player with operations across the globe. However the profit margins had reduced in the last few years and the investors were unhappy with the low dividends. However it seems now the company is back on track with a lean management and is all set to open a new facility in Nagpur to be named as MIHAN- SEZ.
IT major Infosys Limited, which held a ground breaking ceremony at Mihan-SEZ in February this year, is planning to start construction of its unit in July. Both Infosys’ founder Narayan Murthy (NRN) and Maharashtra’s chief minister Prithviraj Chavan were present for the occasion.
The officials of Maharashtra Airport Development Company Limited (MADC) mentioned that Infosys’s representatives have informed of plans to start construction work for the first stage by July 2014. This tech park will generate jobs for the youth of the country and since it is an SEZ, it will be bound to give opportunities to the lower strata of the society. The first phase may employ around 4,000 IT and ITES employees and eventually this number will go up to 14, 000.
The senior officials in marketing department of MADC which is the state government agency developing the SEZ mentioned that Infosys recently secured permissions for operations from the office of Development Commissioner. This means that the goods and material used for constructing the unit will be exempt from tax as per the exemptions provided to the SEZ units from the government. This is an exciting news for the job seekers and the country as a whole as it will benefit many.
Source- The Times of India
Infosys was a major IT player, MADC, Maharashtra Airport Development Company Limited, MIHAN SEZ
