Wipro begins land acquisition process

Last Updated: Friday, January 1, 2010 - 20:38

Kolkata: West Bengal`s industrialisation
drive got a shot in the arm on the new year`s day today with
IT services major Wipro Technologies paying Rs 18.9 crore as
the first instalment towards the cost of land at Rajarhat
where it plans to set up its second campus in the state.

Wipro has purchased a 50-acre plot of land at Rajarhat,
near the city, at a cost of Rs 75 crore and the entire amount
is to be cleared within 90 days of the first instalment,
sources in the IT department said.

Wipro was not available for comment.

West Bengal IT minister Debesh Das said it was good
that companies had kept faith in the state and were
maintaining their commitment.

Wipro chairman Azim Premji had visited the plot with
officials of his company last December after finalising the
deal with Chief Minister Buddhadeb Bhattacharjee.

The land belongs to the Housing Infrastructure
Development Corporation (Hidco) and it charged the IT giant
close to Rs 1.5 crore per acre.

Premji had said his company would start work in 18
months.

There was no news yet, however, from another IT giant
Infosys which was also offered a 50-acre plot of land at
Rajarhar to set up a campus.

The state government had in November-December hurriedly
offered 50 acres each to Infosys and Wipro at proper Rajarhat
township after the proposed IT township project was shelved.

PTI



First Published: Friday, January 1, 2010 - 20:38

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