Spread across an area of 13.74 hectares, the IT SEZ was supposed to come up on the banks of the river Vishwamitri. However, environmental hazards prevented the SPV from moving further. “Any construction work on that site would have deteriorated the situation,” said a source close to the development.

The Board of Approval (BoA) has accepted Strength Real Estate’s request for withdrawal of formal approval.

Meanwhile, K Raheja Corp is already constructing Gujarat’s first IT SEZ, Mindspace, near Gandhinagar; on which work is in progress. Spread across an area of 68 acre, apart from an additional 25 acres allotted to K Raheja Corp for support services, the IT SEZ will see around 15 buildings including about 10-15 million sft of space for IT/ITeS.

The Rs 1,200-crore Mindspace IT/ITeS SEZ is coming up on the Ahmedabad-Gandhinagar Knowledge Corridor in Gujarat.

Share/Save

Related posts:

1. Gujarat’s first IT SEZ clicks as Kendle logs on to Mindspace
2. Kendle starts operation in Raheja’s Gandhinagar SEZ
3. Rahejas IT SEZ in Vadodara!

According to senior director, South East Asia/India, Kendle, Bharat Doshi, the activities will be focused on clinical data management, bio-statistics, statistical programming, pharma co-vigilane, medical writting and other non-clinical processes in which IT is involved.

The company has kick started its operation with strenth of 50 employees and will gradually increase its strength to 300. The office space which is presently around 14,000 square feet will be gradually increased to 84,000 square feet according to Doshi.

“Continued expansion throughout the Asia/Pacific region is crucial to the future growth of Kendle. The new SEZ operations center will be ideally suited to deliver best-in-class services to our customers seeking high-quality, innovative and cost-effective solutions for their clinical development needs,” said Stephen Cutler, Senior Vice President and Chief Operating Officer.

By 2012, analysts project that more than 65 percent of all FDA-regulated trials will take place outside the United States, according to Kendle. This is reflected in the Indian biotechnology market, which is expected to grow at a compounded annual growth rate of 30 percent, and the Indian CRO market, which is expected to see growth of 49 percent annually, according to the company.

Apart from the India locations, Kendle already has a strong footprint across the Asia-Pacific region with offices in Beijing, Hong Kong and Shanghai in China, Kuala Lumpur in Malaysia, Bangkok in Thailand, Manila in Philippines and in Sydney and Melbourne in Australia.

Mindspace IT/ITeS SEZ, by Mumbai-based real estate company K Raheja Corp in Gandhinagar is spread over 66 acres where five lakh square feet office space tower and 10 acres landscape exist as of now. Another five lakh square feet office space tower is under construction. K Raheja Corp has been allotted about 93 acres of government land of which 68 acres is notified for SEZ while 25 acres is for supporting activities. The developer plans to set up about 15 buildings comprising about 10-15 million sq ft of space for IT/ITES.

In Gujarat About 16 IT/ITES SEZs have been notified in the last three years, all of which are yet to commence operations due to various reasons.

Share/Save

Related posts:

1. Gujarat’s first IT SEZ clicks as Kendle logs on to Mindspace
2. One more IT SEZ withdrawn from Gujarat Vadodara
3. List of IT-ITeS SEZs in Gujarat

Industry captains on Modi and Gujarat

KV Kamath, former chairman, ICICI & CII president: “Growth is not an accident. It is made to happen. The chief minister has made it happen.”

Reliance Industries chairman Mukesh Ambani: “In Modi we have a leader with great vision. He has amazing clarity and a determination to succeed. This quality will help Gujarat have the place of pride not only in India but also the world.

Ratan Tata chairman Tata Group: “In 2007, I had said if you are not in Gujarat you are stupid. I am very proud that I followed my own advice. The state’s ability to execute quickly is commendable.”
Investment: Nano Project  of Rs 21,000 crore+
Geothermal power plant and a solar power plant of 5 MW each at a suitable location in Gujarat

Dr AK Balyan, Director HR, ONGC
Rs 17,500 crore  Dahej SEZ and Rs 12,500 crore for wind power plant.

Prasoon Mukherjee Chairman, Universal Success Enterprise Ltd
Universal Success Enterprise committed the maximum investment of Rs 87,000 crore
Rs 87,000 crore in the next 10 years to develop 10,000 MW thermal power plant, 2 ports and one international standard SEZ, in association with Salim Group

L&T CMD AM Naik
Rs 25,000 crore in heavy machinery and manufacturing plants.

N Vittal, former chief vigilance commissioner: “Gujarat has the resonance to respond to the challenges.”

Hindustan Construction Company Ltd: Rs 40,000 crore in tourism and hospitality, water management and water infrastructure.( for waterfront city)

State Bank of India chairman OP Bhatt: Rs 30,000 crore private equity fund for SMEs and setting up 45 branches in the state.

Adani Group chairman Gautam Adani: Rs.27,000 crore, to develop port and SEZs, power plant, power transmission network and education.

Aditya Birla group chairman Kumarmangalam Birla: Rs 20,000 crore for fibre and telephony in the next three years.

Cellular Operators Association of India: Rs 20,000 crore to be invested by the cellular industry as a whole.

Suzlon: Rs 9,000 crore hi-tech SEZ for solar power.

Sterling Biotech: Rs 6,000 crore in SEZ, power, university and an airport.

Welspun:Rs 4,500 crore for expansion of the current facilities.

Videocon Industries MD RN Dhoot: Rs 4,000 crore for thermal power plant

Essar Group chairman Shashi Ruia::
ONGC director AK Balyan
Hindustan Construction Co chairman and MD Ajit Gulabchand: Hindustan Construction Company will invest Rs 40,000 crore for developing a township at Dholera in Gujarat.

IL&FS chairman Ravi Parthasarthy
Deccan Airways chairman Capt Gopinath: would bring in Rs 3,000 crore by making Ahmedabad an air cargo logistics hub.
Welspun group MD BK Goenka
Bharat Forge CMD BN Kalyani: Bharat Forge would enter Gujarat for the first time with an investment of Rs 7,000 crore.

Share/Save

Related posts:

1. Gujarat allots 26 acre for Satyam’s SEZ
2. TCS Eyeing Operational center at Gandhinagar!
3. Microsoft & Gujarat Govt. Sign MoU to Enhance Use of IT in Education

“Leading IT players like IBM, Oracle, Syntel, Accenture, Patni Computers and CSC are exploring the state for setting up their operations in the SEZ area, according to sources in state government. We are aiming to draw companies like GE, IBM, Cognizant, Genpact, Mphasis and Symantec who have been our clients,” said an official of DLF on conditions of annonymity.

Apart from software companies, financial institutions and banks like HSBC, Morgan Stanley, JP Morgan Chase, Citibank, Otis, Meryll Lynch, Deutsche Bank, HCFC, Countrywide, many of which are clients of K Raheja Corp, are also looking at the state for setting up their operations, said sources close to the development. K Raheja Corp’s Mindspace IT SEZ is coming up in a sprawling space of over 97 acres at Koba near Gandhinagar for an estimated investment of Rs 1200-1500 crore. The phase one of the project will be completed early next year and space will be available for possession from January onwards.

“The real estate prices in Ahmedabad are very attractive as compared to other IT destinations in the country. Besides, DLF and Raheja have been allotted land by the state government at very nominal prices so they can lease it out at a much more competitive price. This will also give a huge boost to the export rate of the state, which has been growing at over 50 per cent CAGR for the past three to four years,” said government sources.

An official of Raheja said they have been in talks with various companies however he refused to divulge names. DLF is setting up Rs 850-crore SEZ in Gujarat which will come up over 25 acres at Gandhinagar near Infocity. “A few multinationals are evaluating the state and conducting studies. However, it will take about 6-8 months before they can make a decision to move in,” said Amit Grover VP- Corporate Marketing. DLF will also offer space of even 5,000 sq ft for lease to accomodate local players including even entrepreneurs, he added.

Although there are close to a dozen IT SEZs coming up in Gujarat, Raheja would be the first to commence operations commercially followed by DLF looking at the work done currently, government sources added.

Share/Save

Related posts:

1. Gujarat’s first IT SEZ clicks as Kendle logs on to Mindspace
2. One more IT SEZ withdrawn from Gujarat Vadodara
3. MoUs worth Rs 30,000 crore during the Vibrant Gujarat Global Investors Summit’s Day 1!

2009. Targeting the sunrise industry, an unnamed developer has proposed an IT SEZ in Umargaon in south Gujarat, according

to state officials. Overseas entertainment giants including Walt Disney, Imax and Sony are expected to outsource cartoon characters and special effects to Gujarat once the SEZ is completed. Confirming the development, Gujrat’s IT secretary, Rajkumar Gupta, said

Umargaon near Valsad would perhaps be India’s first SEZ to target the animation industry. However, he declined to disclose the name of developer. According to a senior official in Industries Commissionerate,the government is considering the proposal and is likely to send it to the Centre for approval soon. Ramaprasad S, the executive director of Toonz Animation,which made Return of Hanuman and Tenali Rama, said, the  move acknowledges the fact that India’s animation industry is receiving worldwide recognition.

Meanwhile, Mumbai-based Hiranandani Construction, emulating nationallevel realtors such as DLF and Raheja, is also setting up IT SEZ in Ahmedabad.Under the name of Myron Realtors Pvt.  Ltd, the group has bought 27 acres of land on Sardar Patel Ring Road in

Ahmedabad’s Sanand taluka. The SEZ will house IT/ITeS units. This would boost the growth of IT industry in Gujarat, Gupta said.

Officials said the state government has cleared the proposal and sent it to the apex body for SEZs, the Board of Approval, for consideration. The two new  special zones would take the total number of IT/ITES SEZs in the state to 16.

Share/Save

Related posts:

1. Gujarat allots 26 acre for Satyam’s SEZ
2. Kendle starts operation in Raheja’s Gandhinagar SEZ
3. Gujarat, AP in slugfest for Nano project

Satyam Computers Services Ltd, one of the software giants in the country, has been allotted over 26 acres of government land for setting up special economic zone (SEZ) dedicated to information technology (IT) sector.

The captive special zone would come up in the state’s capital Gandhinagar near Infocity. “On July 16, the company’s officials formally received possession of the land from the district collector,” said a senior Gujarat government official on the condition of anonymity.

Satyam is the country’s second IT consultancy firm to plan a SEZ in the state after Tata Consultancy Services (TCS). The TCS has already been approved over 10 acres of land in Gandhinagar.

Confirming the latest development, Capt H R Prasad, global head, corporate services, Satyam Computer Services Ltd, said Satyam was in the process of planning the campus in Gandhinagar. The company would now soon initiate the process of obtaining the formal nod from the board of approval and notification from the Centre.”

According to government sources, the process of notification should not take very long, given the fact that the special economic region is to come up on a government land.

The company, listed on BSE as well as New York Stock Exchange, was expected to set up a software development centre in its captive SEZ, said a government official.

The Secunderabad-based company’s officials, however, expressed inability to provide investment and employment figures for the project, saying that it was still in the early stages of planning.

This would be the 11th IT sector-specific SEZ in the state when approved. So far two IT-dedicated special zoneshave been notified: one is Ahmedabad and the other in Gandhinagar.

Interestingly, all the IT SEZs in the state, except one by Nipiam Infotech in Vadodara, are housed in the twin cities of Ahmedabad and Gandhinagar. While Ahmedabad has 4 of them in different stages of approval, Gandhinagar accounts for the rest.

Apart from Satyam, TCS’s IT SEZ in Gandhinagar, which has been formally approved by the Centre, is awaiting notification. In addition, some of the national-level realtors, like DLF and Raheja, have also got IT special zones approved in Gandhinagar.

Satyam Computers’s first quarter profit went up 45% on the back of rupee weakness. The company posted net profit of Rs 548 crore against Rs 378 crore a year ago. Its revenue rose to Rs 2,621 crore from Rs 1,830 crore last year.

source: sify.com

Share/Save

Related posts:

1. Gujarat will become IT hub soon
2. Microsoft & Gujarat Govt. Sign MoU to Enhance Use of IT in Education
3. Boom for Gujarat IT exports, Data says it!