Log in
Headlines ~
Crops are destroyed, no electricity, the people of Gopady lives
Cow thieves arrested in Kundapur
Pakistani firm allegedly sold 1,198 fake degrees for Saudis
Royal Court Envoy receives Moroccan Ambassador
Saudi Arabia signed Multibillion-dollar ship, plane deals with France
Mom, baby survive Colombia jungle plane crash: Authorities call it
Suspected Boko Haram attacks kill 40 in northeast Nigeria
Cash, valuables robbed in a serial theft in Valacchil
All PU re-evaluation results out
Three mobiles, cash worth Rs. 34,000 robbed from a house

Infosys our baby, will stay in state: Karnataka CM

Infosys our baby, will stay in state: Karnataka CM

Bengaluru: Dismissing all speculation that IT major, Infosys was eyeing neigbhouring Andhra Pradesh for its expansion plans, Chief Minister Siddaramaiah claimed on Thursday that the company had never considered moving out of Bengaluru. Emerging from a meeting of a  high level committee  that cleared expansion plans of another IT giant, Honeywell, in Bengaluru, he said,

“Infosys is Karnataka’s baby and  will stay here. If Karnataka is proud of Infosys, Infosys too is  proud of Karnataka.'' “The company had sought 100 acres at ITIR, Devanahalli, but as the road work was delayed , it wanted to shift its expansion plans back to Bommanahalli. With road work 80 per cent done, we have promised to complete it in three months and are waiting for its reply,” he explained.

Officials in the Industries department, however, claimed Infosys itself was to blame for the delay in handing over of the land at ITIR, Devanahalli to it . The company  had first applied for 40 acres and paid for it in full, but later paid only 20 per cent of the cost for the additional 60 acres  applied for, they maintained.

When asked about the delay in clearing of projects and providing infrastructure for industries, Mr Siddaramaiah admitted the Devanahalli project spread over 2,072 acres was still pending as the Karnataka Industrial Areas Development Board (KIADB) entrusted with executing it, did not have the funds required.

However,  HUDCO had now come forward to fund it  to a tune of Rs 1000 crore  and once KIADB held its board meeting and forwarded its resolution  to it, it would release the money, he added. Meanwhile, the high level committee has cleared the expansion plans of Honeywell costing Rs 1375 crore. The company, which plans to set up a unit around Varthur, will  enter into a  concessional agreement with the government and be allowed to  negotiate with farmers  for land.


Related items

  • U.T.Khader visits Kotepur Kodi in Ullal
  • CM to launch two projects in Chamarajanagar today
  • Karnataka government ad deletes Jammu and Kashmir from India map
  • Yadyurappa & Kumarswami in trouble: Lokayukta files FIR
More in this category: « Nandita death case coloured with political controversy: Kimmane challenges BJP to take oath before God Cambridge school reopens after a week »