The government has approved the proposals of software firm TCS and realty major DLF to set up special economic zones (SEZs) for IT sector in Haryana and Uttar Pradesh. The approval was given by the Board of Approval, the highest decision-making body for SEZs The inter-ministerial body is chaired by the commerce secretary. TCS has proposed to set up an IT/ITeS SEZ in Noida, Uttar Pradesh, on 19.9 hectares land. The total proposed investment for the project is Rs 2,433.72 crore.
Centre approves TCS, DLF proposals to set up special economic zones in Haryana, Uttar Pradesh
DLF to invest Rs 5,000 crore to develop 6.8 million sq ft IT park in Chennai
Singapore’s sovereign fund GIC, is planning to invest Rs 5,000 crore to develop a 6.8 million sq ft information technology park in Chennai, making the south India city its second largest market after Gurugram. The project, DLF Downtown Taramani spread over 27 acre is a joint venture with Tamilnadu Industrial Development Corporation (TIDCO). The proposed development along with DLF’s existing 7 million sq ft IT park at Manapakkam will take the company’s commercial portfolio in Chennai to nearly 14 million sq ft.
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