rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » TCS seeks time to set up SEZ in Andhra, Maharashtra

TCS seeks time to set up SEZ in Andhra, Maharashtra

January 18, 2013 15:22 IST

TCSTata Consultancy Services has approached the Commerce Ministry seeking more time to set up a sector specific special economic zone in Andhra Pradesh.

TCS is also seeking more time for setting up a unit in Mihan special economic zone at Nagpur in Maharashtra.

The company was granted formal approval for setting up a SEZ over an area of 30.35 hectares in 2008 at Adibatla in Andhra Pradesh.

According to a note from the Commerce Ministry, the IT major is seeking more time on various grounds.

TCS has already been already granted two extensions and the last one expires on February 3, 2013.

A TCS spokesperson did not reply to queries seeking clarifications on Adibatla SEZ.

The IT major was granted approval for setting up an IT/ITES unit at Mihan SEZ in April, 2008 and was given two extensions so far. The last extension will expire on April 23, 2013.

"Delay in implementation of the project is due to global slowdown and the company is serious about project.

"It has already started construction and invested up to Rs 240 crore (Rs 2.4 billion) in the project.

"They expect to start the operation in 2014," another note from the Commerce Ministry said.

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.