Infosys & Wipro may withdraw SEZ projects from West Bengal

Discussion in 'Economy & Infrastructure' started by nitesh, Mar 19, 2012.

  1. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    Infosys & Wipro may withdraw SEZ projects from West Bengal - The Economic Times

    NEW DELHI: With the mandate that companies should get the Special Economic Zones (SEZs) notified by March 31, 2012 fast approaching, Infosys and Wipro are in a fix about the status of their SEZs in West Bengal.

    West Bengal Chief Minister, Mamata Banerjee is principally opposed to the idea of an SEZ. Both Infosys and Wipro have acquired 50 acres of land in Rajarhat. Infosys purchased the land at a rate of Rs 1.5 crore per acre for the project. The company also made the full payment in October last year.

    The campuses of these companies are expected to generate at least 20,000 jobs each in the state of West Bengal.

    Talks of an alternate package have been doing the rounds but nothing satisfactory has yet been achieved. According to ET Now sources, another round of talks is likely before the March 31, 2012 deadline. It is being speculated that both Infosys and Wipro may not be left with any choice but to withdraw from West Bengal.

    While Infosys is currently under the silent period before their quarterly results' declaration, Wipro has also refused to comment on the matter.

    Last week, West Bengal Chief Minister Mamata Banerjee reiterated that Infosys should set up its facility in the state but an SEZ status would not be granted to the IT bellwether by bending the land policy formulated by her government.

    "We are creating land banks. We will not do any such thing which goes against the people and the farmers. I want Infosys to come here. But tell me when we have a policy not to set up SEZs, then how can we change the rules for Infosys," Banerjee asked.

    "I cannot discriminate. We are ready to give them all help but we cannot allow SEZ. If we allow them then why won't allow others. This discrimination cannot happen. Whosoever it may be, we will not allow SEZ. We will not withdraw the Land Ceiling Act," she said.

    Recently, Infosys had written a letter to Housing Infrastructure Development Corporation (HIDCO) seeking clarification on its SEZ status in the state.

    After Banerjee earlier ruled out granting SEZ status to its project, the IT major's representatives had met industry minister Partha Chatterjee and sought an appointment with the chief minister.

    The company's senior vice-president and global head of commercial and corporate relations Binod Hampapur had then said it was looking for an "alternative solution."

    "We are looking forward to a fruitful solution. It will take sometime. Obviously, wherever we operate, that should be financially viable for us. We are looking at that," Hampapur said.
     
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  3. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    I pity bengalis who elected mamata to govt, even worse part is that they can not generate another alternative apart from Left & TMC after all these years.
     
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  4. Iamanidiot

    Iamanidiot Elite Member Elite Member

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    It was stupid enough of MNC's in trying to keep a campus in West Bengal
     
  5. Iamanidiot

    Iamanidiot Elite Member Elite Member

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    NRJ don't pity them People get the shit they ask for
     
  6. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    The point is where these companies will go, last I remember TCS unveiled plan for 18k campus in Nagpur (Maharashtra), there is also small time operations started by TCS in Jabalpur, M.P. also I have seen quite a lot of lobbying done by M.P. and C.G. Cm's for there respective states. If they plan to start around Nagpur, Bhopal, Raipur, then they can get lot of local talent available, and south cities can breathe easy as people will try to move to place located near there natives.
     
  7. sob

    sob Moderator Moderator

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    The problem with Mamta id that she only knows how to agitate and not how to govern. If she survives for 5 years she will be hounded out by the electorate.
     
  8. pmaitra

    pmaitra Moderator Moderator

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    I don't think the electorate, or whatever is left after many having left, is capable of a wise decision.
     
  9. sob

    sob Moderator Moderator

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    Do not underestimate the common man. UP elections has shown us that SP won because the people did not want Mayawati back.

    Similar will be the case in WB.
     
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  10. panduranghari

    panduranghari Senior Member Senior Member

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    They get what the deserve.
     
  11. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Left is worse, if bengalis are looking to replace didi with leftist rule again.
     
  12. amoy

    amoy Senior Member Senior Member

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    What would SEZ mean for Infosys or Wipro? tax rebate? what does it have to do with "Land Ceiling Act"? tks for clarification.

    Anyway governing an agri-based state of 9 crore population is no easy thing.
     
  13. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    No mate, they wanted genuine change but mamta mistook their intentions. Just look for the next election. Left will come there up again. Unfortunately, they have no alternatives.

    If UP's problem is too many alternatives, WB's problem is too less alternatives. Its a choice between Evil and the Devil for them
     
  14. trackwhack

    trackwhack Tihar Jail Banned

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    The Bengalis are getting what they deserve. Btw, anti incumbency will lead to mamta getting voted out and .... hold you breath ... the left getting voted back in...

    They deserve whatever they are getting.
     
  15. Iamanidiot

    Iamanidiot Elite Member Elite Member

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    More than UP wallahs Bengalis deserve the shit and squalor they glorify and ask for
     
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