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Monday, August 21, 2006

New IT Park to come up in Jaipur


IIPM BUSINESS & ECONOMY
Jaipur is all set to get an IT park as a Special Economic Zone (SEZ). Vatika Group has already received the approval nod for the Rs.40 billion project from the government. To be developed in phases, the SEZ is expected to be completed in three – four years. The area under consideration is a million square feet. The IT Park would have complete power back-up, multi-level parking facility in the basement as well as own water supply and sewage treatment system in addition to facilities like ATMs, health clubs, convention centres and convenience retail stores. According to the norms of central government’s policy for such SEZs, it is entitled to receive a 100% tax holiday in the first five years and a further 50% for the subsequent five years.

Read Complete IIPM Article, Click on IIPM Article

Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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