|
|
|
|
| |
|
IT PARK SEZ IN CHEMBUR, MUMBAI |
Mumbai's biggest IT park to come
up in Chembur
12 June, 2007
If all goes well, Mumbai city will
have a new IT park, in Chembur. As of
now, it the new IT park is expected to
be the Mumbai's biggest IT and
IT-enabled services (ITES) special
economic zone (SEZ) at 30 lakh sq-ft.
Bombay Industrial Corporation, a
private company involved in
warehousing business, signed a deal
with the Union Ministry of Commerce
and Industries on May 31, 2007, to set
up an IT/ITES park in Chembur.
The approval of plans to set up an IT
park in Chembur assumes importance as
most of the IT/ITES zones set up so
far are located in areas like Thane,
Vashi, and Panvel. Rubin Chedda,
managing director of Bombay Industrial
Corporation, said, "With
transportation a big inconvenience in
Mumbai, an IT/ITES SEZ in Chembur is
sure to attract a lot of IT
companies.”
Bombay Industrial Corporation, with a
turnover of Rs 4 crore, is still to
announce a retrenchment plan for its
80-odd employees. Abhishek Gupta, head
of research with Jones Lang Lasalle,
global property consultants said, "The
IT/ITES SEZ will get a lot of
attention as it is going to come up
within the city. It will take 3 years
for the project to complete, and by
that time there will be some Software
Technology Parks in the city. With the
Centre set to withdraw tax benefits to
this sector in 2009, the company, in
order to make its project successful,
may have to pass on the benefit to the
end occupier."
The company expects the IT and ITES
SEZ to emerge as the largest consumer
of office space. The move by Bombay
Industrial Corporation is in tandem
with developers throughout the country
rushing to invest in the lucrative
sector.
The new IT/ITES park in Chembur is
expected to further boost the real
estate prices in and around Chembur,
which is already in the throes of a
real estate boom.
|
|
|
