IT investment region to be taken up at Rs 17,883-cr

The implementation of the proposed Information Technology (IT) investment region in Orissa will involve a cost of Rs 17,883 crore.

"The IT investment region would generate jobs for 0.23 million people and accommodate a population of around 0.54 million. More than 75 per cent of the investment will be made on the Public Private Partnership (PPP) mode”, an official source told Business Standard.

The state government has already submitted the final report on the proposed IT investment region prepared by IL&FS-Infrastructure Development Corporation (IL&FS-IDC) to the Government of India. Besides Orissa, the IT investment regions are set to come up in the states of Gujarat, Andhra Pradesh and Kerala.

The IT investment region (ITIR) in Orissa is to be developed on an area of 40 sq km (around 10,000 acres) between Bhubaneswar and Khurda. The ITIR project is expected to be fully operational by 2020.

In the final project report on the ITIR, IL&FS-IDC had included among other things an airport, a global IT training centre, a bio-tech park and a science city spread over 350 acres.

The airport was proposed to be developed on an area of about 2,300 acres close to the site of the Indian Institute of Technology (IIT), Orissa which is being set up over 900 acres of land at Jatni, about 20 km from the city. The Infocity-II project being built by the state government on over 600 acres of land at Janla on the outskirts of the city would also be a part of the IT investment region.

The ITIR would be developed in two phases out of which 20 per cent expenditure is committed for the first phase while the balance 80 per cent will be in the second phase.

While the Centre was to provide external infrastructure in the form of roads, the onus was on the state government to acquire land for the project.

According to the project plan of IL&FS-IDC, 40 per cent of the area of the ITIR would be earmarked for the processing units of information technology (IT) and ITes sectors (IT enabled services) as well as electronics and hardware manufacturing units.