Tatas to be given 650 acres for IT hub
Tatas have signed an MoU, agreeing to set up IT hub and a real estate project on the proposed 650 acres of land.india Updated: Jan 22, 2007 21:40 IST
Amid controversy over the Tata small car project at Singur, the West Bengal governmenton Mondaysaid it would acquire 650 acres for the Tata Housing Development Corporation (THDC) in Rajarhat area near Kolkatafor setting up a IT hub and a real estate project.
Industry Secretary Sabyasachi Sen told reportersinKolkatathat THDC had signed an MoU with the West Bengal Industrial Development Corporation (WBIDC) last July, agreeing to set up the IT hub on over 600 acres and a real estate project on the remaining 50 acres.
While land for the IT hub would be provided by the Bhangar Rajarhat Development Authority (BRDA), the 50 acres required for the real estate project would be given by the Housing Infrastructure Development Corporation (HIDCO), Sen said.
He said the Ministerial Committee on Industry has decided that of the 600 acres, the WBIDC would lease out 200 acres to IT firms and would pay the THDC later.
The THDC would develop roads and other infrastructure for the entire project, Sen said, adding that this was agreed to as the WBIDC did not have the necessary funds.
The final agreement for the project would be signed in March, he said.
Denying reports that the government had given a Rs 160 crore bonanza to the Tatas on the Rajarhat project to encourage them in setting up the small car project at Singur, he said that the cost of land acquisition at Rajarhat had not yet been worked out.
First Published: Jan 22, 2007 21:40 IST