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MindTree sets June deadline for projects to start

Jayajit Dash  |  Kolkata/ Bhubaneswar 

Two major IT investors – and ICICI Bank, whose proposed projects in the city were put on the back burner for close to a couple of years, seem to be gearing up to translate their plans into reality.

While MindTree expects to kick off construction work on its Rs 200-crore development centre in the city by June this year, ICICI Bank, which had sought an extension of two years for its Rs 600-crore eastern regional hub, has been asked by the state IT department to start construction work by April.

The state IT department has renewed its commitment to put IT projects on the fast track post the economic recovery. It recently reviewed the progress of the upcoming IT projects in the city.

“MindTree is set to start construction work by June this year had sought an extension of two years but we have asked them to commence work by April”, a top IT official told Business Standard.

MindTree, a global IT and R&D services company, co-headquartered in Bangalore and Somerset in New Jersey (US), had entered into an MoU with the Orissa government in March 2006 for setting up its software development centre spread over 30 acres.

As per the company's plan, construction on the development centre was scheduled to begin in September 2008 and the centre was set to be operational within 22 months of the commencement of the construction work.

MindTree would initially recruit about 1,000 software professionals and eventually ramp up its headcount to 6000. Its development centre in Bhubaneswar will focus on R&D, consultancy and software development.

ICICI bank's eastern regional hub would have a built-up area of 1.5 million sq ft and it will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years.

Genpact Limited, the BPO (business process outsourcing) arm of the US-based General Electric which had announced a Global Delivery Centre in the city has submitted a fresh building plan to the (BDA).

“We are pursuing Genpact's case with the BDA to expedite the company's project”, the official said.

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.

On Raheja Corporation's IT park, he said, land has been alloted but the company is yet to take physical possession of it. Mumbai-based K proposed to set up an IT park in the city over an area of 30 acres at an investment of about Rs 250 crore. This IT park would have a total built-up area of 10 lakh sq ft and it was scheduled to be commissioned within three years. The project would generate employment for nearly 20,000 people.

K had signed a MoU (memorandum of understanding) with the Orissa government in May 2008 and the IT park was scheduled to be commissioned within three years.

First Published: Wed, February 17 2010. 00:30 IST