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Monday, March 12, 2012

Infosys starting its unit in Mihan 2014

Infosys starting its unit in Mihan 2014 | Infosys in Nagpur | Infosys at mihan Sez | Mihan IT Company's 


In a step further towards Infosys starting its unit in Mihan, the IT major's proposal to get a co-developer status in this special economic zone (SEZ), will be taken up by the board of approvals (BOA), a body under ministry of commerce, scheduled to meet on March 13.

Infosys has submitted the co-developer agreement entered into with the SEZ's developer, Maharashtra Airport Development Company (MADC), and also the draft lease agreement for taking up land in Mihan to the BOA.

Infosys plans to acquire 142 acres of land in SEZ with the operations expected to begin within three years.

The initial investment is reported to be over Rs100 crore creating more than 2,000 jobs. Eventually the investment will increase to Rs455 crore creating 14,000 jobs in a decade, as reported by the company.


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