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TMCNet:  IT land bill of Rs640crore given to govt [DNA : Daily News & Analysis (India)]

[December 25, 2013]

IT land bill of Rs640crore given to govt [DNA : Daily News & Analysis (India)]

(DNA : Daily News & Analysis (India) Via Acquire Media NewsEdge) "Indore Development Authority (IDA) CEO on Monday met state IT secretary Hari Ranjan Rao in Bhopal to get a fund of Rs640 crore as estimated cost of providing land to Infosys and TCS company in Super Corridor.

"I met state IT secretary Hari Ranjan Rao for informing him about our demand of Rs640 crores as a cost to provide lands to TCS and Infosys on Super Corridor. The decision is pending" said IDA CEO Deepak Singh.

IDA board had given its nod to handover of about 100 acres land to the Information and Technology Department of state for Tata Consultancy Services (TCS) and 130 acres of land for Infosys at the Super Corridor to allow the companies to set up their IT centres in the city in January last year.

IDA officials calculated a sum of Rs640 crore as cost of land allotment to these major IT companies under Special Economic Zone (SEZ).

Lands allotted to both the companies here at a rate of Rs20 lakh per acre. According to officials, the loss suffered by the IDA due to allotment of subsidised land would be compensated by the state government.

Thus, both the companies submitted a sum of Rs46 crores to the IT department but the same amount has not transferred to IDA as part of their demand. Besides, the government is yet to decide the mode of paying the difference amount to IDA.

Withdraw appointments The state  government on Monday decided to withdraw appointment of president, vice-president, directors and members of all the corporations, blocks, development authority boards, committees and councils except recently IDA board. Notably, IDA gets its political board on October 4 but took charge on December 12 due to imposing model code of conduct in this duration " Credit:dna correspondent (c) 2013 @ 2013 DILIGENT MEDIA CORPORATION LTD. ALL RIGHTS RESERVED

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