NGTech to invest 1200 crores in IT and BioTech in Bhubaneswar
Bhubaneswar- Cuttack- Puri, BioTech, Pharma, IT, Khordha, NROs July 27th. 2008, 5:18pmFollowing is an excerpt from a report in Tathya.in.
New York based NGTech, a versatile group of IT professionals who offer wide array of consulting services, promoted by Dr.Namita Deo, Dr.Ramachandra Deo and Ms.Mymoona Shereen will invest in IT and Biotechnology sector.
NGTI Private Limited will install facilities like IT Development and Outsourcing Project Services, chemical & Biotech Research & Development, Medicianal Green House, Bioinformatics, IT& Biotech Training and Medical Research Centre, said sources.
According to the application presented to the Government of Orissa, the group will fund major part of the project from own sources.
While promoter’s contribution will be Rs.948 crore, loan from financial institutions will be Rs.240 crore and the company expects Rs.12 crore as subsidy from the Government.
NGTI has identified a patch of 100 acres of land at Deras, on the outskirts of Bhubaneswar.
The group proposes to acquire land through IDCO for setting up the facilities.
There is huge potential for employment as these facilities will be requiring 25,000 man power.
Annually Rs.103 crore of revenue will be generated on account of VAT, other taxes and duties assuming cent per cent capacity utilization, said the sources.
Following is from Samaja.
August 4th, 2008 at 7:25 am
Dear Sir/Mam
Myself M.Sc Biotechnology and going to complete my MPhil.in biotechnology. I do have experience regarning various techniques related to molecular biology(plant and animal), tissueculture.I am looking for job in the field of biotechnology. Kindly consider my case.
July 30th, 2009 at 9:49 pm
This NGTech is a fake company that is facing lot of civil and criminal cases in USA. The owners Namita Deo and Lalitendu Deo have cheated a lot of people and are now gearing up to dupe the government folks in Orissa. This article and the documents submitted to Government of Orissa are fakes and fabricated so as to get the land and other facilities. Also, if investigated the owners are already facing civil cases in Orissa and other parts of India.
July 31st, 2009 at 9:52 am
Please provide links/proof of your allegation. Please remember that one can be sued for making false allegations. Also, court can order me to provide your ip address and they can then locate you.
March 15th, 2010 at 8:52 pm
http://www.ripoffreport.com/consulting/next-generation-tech/next-generation-technology-n-fba9b.htm
Google the above mentioned names and you will get this report about them at ripoffreport.com Namita Deo or Lalit Deo
October 9th, 2010 at 3:20 am
yES THESE PEOPLE ARE THE DARN FAKE UNCIVILIZED PERSONS.Report are comming day by day about their fake claims and work. The concerned person Namita deo\’s father was a Retired head master of a high school had a fake NGO named Vasulok.Through his NGO he was exploiting many people.Her father was claiming himself as the administrator of the so called next generation technology.Very big Tall claims she and her family have done in past like erecting a dollar 1000crore project somewhere in Orissa near BBSR. But yet the people need to search the existence of this company made out of fog. This lady also able to meet the respected chief minister Navin Pattanaik and publish the news in The SAMAJ news paper . So this type of ill mentality and unhealthy mental conditioned persons think that people of India will believe any of their tall ,false and lie claim just beacausee they are doing jobs in USA. So beware of these sorts of people and my request not to waste the time.