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Archive for the 'Business Standard' Category

Planned IT Park

Bhubaneswar- Cuttack- Puri, Business Standard, IT, Khordha, New Indian Express, Indian Express, Financial express, REAL ESTATE, Samaja (in Odia) chitta Comments Off

Following is an excerpt from a report in Business Standard. (See also the report in Financial Express.)

Mumbai-based realty major Raheja group will be investing around Rs ~~3000~~ 1000 crore for the development of the first information technology (IT) park in Orissa.

Alongside, a 50 Mw power plant, cold storage in the public-private-partnership (PPP) mode and a hotel would also be set up by the group. The group also plans to enter the retail space and set up an IT development centre after surveying the potential.

The park would be christened Mindspace cum Techno-campus Park. The group already has such Mindspace cum techno-campus parks in Hyderabad, Mumbai and Ahmedabad.

… As per the presentation, in the first phase an incubation centre on 30-40 acres would be developed. The entire IT park would come up over 100 acres.

The plan envisages development of the park within the next 8-10 months, provided land is made available by the Orissa government in the next couple of months.

Following is from Samaja.

Mindtree’s plan in Bhubaneswar

Bhubaneswar- Cuttack- Puri, Business Standard, IT, Khordha, Land acquisition chitta 1 Comment »

Following is an excerpt from a report in Business Standard. (Thanks to Deba Nayak for the tip.)

MindTree Consulting is planning to set up a centre in Bhubaneswar, Orissa, that will house 5,000 staff, a senior company official told NewsWire18 today.

“We have already acquired the land for the Bhubaneswar centre and I expect it to be operational by the end of 2008,” he said.

He said the company will keep adding to its manpower at the rate it has been doing so far, provided there is no slowdown in the business.

Bangalore-based MindTree currently has a staff count of over 5,000, mostly at its Bangalore centre.