KGISL to invest 600 Cr in SEZ !

Hi-Tech Infrastructure Private Limited, promoted by Coimbatore-based KG Information Systems Limited (KGISL), plans to invest around Rs 600 core over the next two years in building a township at a special economic zone (SEZ), the first SEZ for IT and ITeS sectors being developed at Saravanampally in Coimbatore.

Speaking to Business Standard, KGISL managing director, Ashok Bakthavathsalam, said the company was developing the SEZ on 150 acre, of which 65 acre had already been allotted to Robert Bosch India, Cognizant and Perot Systems. Bosch is setting up a research and development centre in the SEZ with an investment of around Rs 250 crore.

Bakthavathsalam said the SEZ was expected to attract investments to the tune of Rs 2,000 crore and generate employment to about 15,000 people over the next two years. “KGISL alone will invest around Rs 600 crore in the SEZ, which will be funded through a mix of internal accruals and debt,” he said.The company is planning to set up a budget hotel, 400 affordable houses and a hospital to supplement the upcoming industries in the SEZ, he said, adding that the company is open to join hands with private partners to promote the township.


“The SEZ will also help other industries to grow in this region. For instance, Robert Bosch facility will not only create additional job opportunities in Coimbatore, but will also benefit the manufacturing sector in and around Coimbatore as Robert Bosch is looking for partners to bring complimentary strengths to what it does,” Bakthavathsalam.

Coimbatore, he said, will be the right destination for IT and ITeS companies, which are currently passing through rough times. A business process outsourcing (BPO) company, which will operate out of Coimbatore, can save up to $200 per seat a month when compared to Delhi or other major metros.“Moreover, there are about 40 engineering colleges and 80 arts colleges, which are producing about 150,000 students every year. Availability of human resources is the biggest advantage.The establishment of the SEZ will also benefit the adjoining villages with the creation of non-IT jobs,” he said.

Related Posts by Categories

Infra

• ‘Medical Transcription Outsourcing Capital !
• Create infrastructure before Tamil meet: RAAC
• Modernisation of non-metro airports in 2 yrs
• Multi-storeyed buildings zones in other cities to be studied
• BSNL launches EVDO Data cards
• Provogue ventures into real estate !
• ICCI Protested The Powercut
• Smart Rooms 2009 Exhibition
• Flowserve to expand Coimbatore operations
• Govt keen to develop Tier II cities
• Coimbatore – An Emerging Real Estate Destination
• Pilloor II Water Supply Scheme Likely By Mid 2010
• Focus Will Be On Road Repairs - Corp
• Residents protest against ST Plant !
• The needs of KOVAI !!
• Construction industry seeks speedy approval mechanism
• Tamizhaga Vivasayigal Sangham - No for Byepass !
• RAAC comes with " Vision Kovai Mission 10"
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Coimbatore industy to set up 1000 MW Power plant !
• IT sector will Boost in 2 yrs ..
• Potholes on roads - Be safe !!
• Bosch to invest Rs 250 crore !!
• Civil engineers role - Expanding ..

IT

• ‘Medical Transcription Outsourcing Capital !
• India tops in BPO list !
• Coimbatore IT park to become operational by January 2010
• Ascendas upcoming with 53 acre SEZ
• CTS Donates Microscope To Sankara Eye Centre
• Cognizant targets new markets
• CTS Techno campus opened !
• Interventional Radiology Website Launched
• Coimbatore To Host TCS IT Wiz 2009
• Interventional Radiology Website Launched
• Coimbatore software exports up
• Govt keen to develop Tier II cities
• Firstsource bags Idea cellular order !
• Ugam Solutions Opens Up !!
• CBay Systems opened its center !!
• IT sector will Boost in 2 yrs ..
• Bosch to invest Rs 250 crore !!
• FBSC opens its center @ coimbatore ..
• Tidel park will function from Jan 2010 !
• Real Estate scenario Postive in Coimbatore !!
• Perot Systems in expansion mode ..
• Perot Systems Setting Up New Campus In Coimbatore
• Tidel Park Will Function From January 2010
• CII-Coimbatore Zone Interesting Annual Session

Investment

• ‘Medical Transcription Outsourcing Capital !
• BEML opens its Vendor Dev Office !!
• L & T Opens its casting unit !!
• Rakindo builds Kovai Hill township !!
• Retirement homes with a difference
• NEPC sets up a SEZ at Palladam !!
• Ascendas upcoming with 53 acre SEZ
• UNIDO launching new cluster programme !
• Saxony to strengthen ties with Coimbatore
• Construction industry seeks speedy approval mechanism
• Windmill instalations on raise ...
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Bosch to invest Rs 250 crore !!
• Real Estate scenario Postive in Coimbatore !!
• ICICI Prudential Life Insurance Launched New Product
• Max New York Tied Up With Alegion
• 2008 Investments A Review
• SBI Launched ‘Grameen Shakti’ Insurance Scheme
• BPM Major Savvion plans Development Center in Coimbatore
• Weather Insurance Product Launched
• NSE's programme @ Race Course
• Hallmark Infrastructre enters Coimbatore !!
• Al Batterjee Group to setup Mfg.Plant in Coimbatore