TCS seeks more time to set up SEZ units in AP, Maharashtra
Country's largest IT exporter TCS has approached the Commerce Ministry seeking more time to set up a sector specific special economic zone (SEZ) in Andhra Pradesh.
Hyderabad: Country's largest IT exporter TCS has approached the Commerce Ministry seeking more time to set up a sector specific special economic zone (SEZ) in Andhra Pradesh.
Tata Consultancy Services (TCS) is also seeking more time for setting up a unit in Mihan SEZ at Nagpur in Maharashtra.
The company was granted formal approval for setting up a SEZ over an area of 30.35 hectares in 2008 at Adibatla in Andhra Pradesh.
According to a note from the Commerce Ministry, the IT major is seeking more time on various grounds.
TCS has already been already granted two extensions and the last one expires on February 3, 2013.
A TCS spokesperson did not reply to queries seeking clarifications on Adibatla SEZ.
The IT major was granted approval for setting up an IT/ITES unit at Mihan SEZ in April, 2008 and was given two extensions so far. The last extension will expire on April 23, 2013.
"Delay in implementation of the project is due to global slowdown and the company is serious about project. It has already started construction and invested up to Rs 240 crore in the project. They expect to start the operation in 2014," another note from the Commerce Ministry said.