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Foundation stone laid for Infosys' Indore unit

Tuesday, 25 Feb 2014
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On 24 February 2014, Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, laid the foundation stone for a SEZ which will be developed by Infosys, in Indore.

 

The SEZ will be set up at an outlay of Rs 400 crore, on 130 acre of land allotted by the government of Madhya Pradesh, at the Super Corridor located in the outskirts of the state.

 

The project will be developed in phases. Initially, the IT major plans to invest Rs 400 crore in the Indore facility. Phase-I of the project is likely to be completed in two years.

 

Another IT major, Tata Consultancy Services, is also establishing its Software Development Centre at Super Corridor, which will be spread across 100 acre land. This plot was also allotted by the state government at a concessional rate.

 

TCS will invest Rs 500 crore to set up its Software Development Centre.

 

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