Infovalley project to create Rs 1,500 cr revenue in 3 yrs

Project to generate 600,000 jobs

The Infovalley project, the second IT park in Odisha being developed on 660 acres of land on the city's outskirts, is projected to generate direct and indirect employment for 600,000 people.

The project is also slated to generate Rs 1,500 crore revenue in the first three years. Chief Minister Naveen Patnaik today took an on-site review of the Infovalley project.

Patnaik took stock of progress on approach road to the Infovalley, status of land acquisition, electricity and water supply, boundary wall construction and security arrangements.

“I had come to review the site progress of the Infovalley project and also to know the problems and specific requirements of the project. I am delighted to know that this project will generate huge amount of jobs and revenue for the state,” Patnaik said after the review.

The Infovalley is being developed jointly by the state's nodal agency for land acquisition Odisha Industrial Infrastructure Development Corporation (Idco) and IT behemoth Infosys Technologies. Infosys is all set to commence work on its second development centre in the city at Infovalley by the end of September this year. Initially, the centre would have a headcount of 1,000. The IT major has lined up an investment of Rs 400 crore for this centre in two phases.

Infovalley includes 262 acres IT SEZ (Special Economic Zone), 215 acres ESDM park (Electronics System Design & Manufacturing), 113 acres green space and 54 acres of business park.

Singapore based Jurong Consultants has been roped in by Idco to prepare the master plan that is in its last leg.

An electronics manufacturing cluster (EMC) would also come up at Infovalley. The EMC would house over 100 electronics manufacturing units.

The project would be developed at an estimated cost of Rs 209.64 crore with Rs 96.96 crore contribution from the Centre. The cluster is expected to draw investment to the tune of Rs 979 crore including that of establishment of individual units, machinery and park infrastructure and would generate around 10,000 to 12,000 jobs, both skilled and semi-skilled.

Recently, a team of global investors from US-based Silicon Valley had committed an investment of $300 million to promote IT and ESDM units at Infovalley. This investment is expected to create jobs for 100,000 people.