Business Standard
Friday, Jun 01, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Zensar Technology allotted land in Infocity
BS Reporter / Chennai/ Bhubaneswar Feb 24, 2009, 00:35 IST

The Orissa Industrial Infrastructure Development Corporation (Idco) has allotted three acres of land to Pune-based IT firm Zensar Technologies in the Infocity area of the city for its proposed software development centre.

“Idco has already allotted three acres of land to Zensar Technologies for setting up its development centre in the city. The land was allotted to Zensar within seven days after the IT firm made a proposal to the Orissa government”, Pradipta K Mohapatra, IT secretary, Orissa government told Business Standard.

 
Zensar Technologies is investing Rs 30-40 crore in its proposed software development centre in the city. Initially, the centre would be run by a pool of 1,500 professionals but Zensar plans to make its Bhubaneswar centre the second biggest in the country after Pune.

Asked on the status of the proposed centres of MindTree Consulting and Genpact, Mohapatra said, “In the last meeting of the Orissa IT department with the different IT players held in January this year, both MindTree and Genpact had informed that they had submitted their building plans to the Bhubaneswar Development Authority.

The projects of these two IT majors had suffered delay due to the ongoing economic downturn.” While MindTree’s development centre was scheduled to be operational by the end of 2009 or the first half of 2010, Genpact expected its proposed Global Delivery Centre to be functional by September 2009.

MindTree had announced an investment of Rs 200 crore for its software development centre which is set to come up on 30 acres of landin the Infocity area. It would have a long-term manpower requirement of 5,000 professionals for running the centre. Genpact Limited, the BPO (business process outsourcing) arm of the US-based General Electric has put up the boundary wall for its Global Delivery Centre. Construction work for this centre is expected to begin by March this year.

Genpact's centre in the city will have a total built-up area of 7 lakh sq ft. Initially, Genpact would hire 500 people for running its operations and eventually, the headcount will be scaled up to 3,000.

Meanwhile, ICICI bank which is setting up its eastern regional hub in the city has submitted a fresh building plan to BDA as it was planning to build a 85-metre tall tower. The bank is now awaiting the plan approval from BDA as well as the environmental clearance from the Centre to start construction work.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets flat in opening trades
- Gabriel India hits 52-week high on 1:1 bonus issue
- Now, Formula One delays $3 bn IPO on weak markets
- BEML dips on disappointing Q4 results
- Survival of euro at risk: ECB, EU
  Read Business news in 
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Slowdown gets worse, GDP growth sinks to 9-year low
- M&M has a Rs 7,500-cr spending plan over three years
- India Inc ready to shift to other side of the dot on www
- India to be $2-trn economy by FY13-end?
- IIT alumni to move court on changes in JEE
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us