Unfinished work in 'abandoned'building taken up in earnest; three companies to set shop on 1,40,000 sq ft by May
.. OUR STAFF REPORTER Indore
If all goes well, the Crystal IT Park on Khandwa Road, which was lying in abandoned state for the past eight years, may have three tenants soon. Three small to medium sized IT companies, who approached the government for space to conduct their business, have been allotted space at the IT Park.
According to sources, the Unit Approval Committee for Crystal Park, Indore approved the proposals submitted by the three IT companies in its maiden meeting held on Wednesday. The companies have proposed a cumulative investment of Rs 32.50 crore and export turnover of Rs 543 crore.
The meeting was chaired by AK Rathore, Development Commissioner, SEZ, Indore. The committee comprised of joint director AD Chaturvedi, additional commissioner, Central excise and customs RK Verma, additional commissioner of income tax, Vinay Karna and MD of AKVN Sanjay Dube.
The three companies have been allotted 1,40,000 square feet of space. They would generate employment for 1,200 to 1,500 professionals.
However, the rent to be charged is yet to be announced because it has to be approved by the board of MPRDC. Crystal IT Park, spread over 7.99- hectare land, has two buildings. The one facing the road is massive oval shaped structure and another smaller one behind it has total space of 1,40,000 square feet. The three companies have been allotted space in this smaller building.
Impetus Infotech ( India) Private Limited has been allotted 1,00,000 square feet for establishing its centre for development of computer software along with IT and IT enabled services.
The company would invest Rs 25 crore and has projected export of Rs 423 crore over a period of five years.
Similarly Intellicus Technologies Private Limited has been allotted 30,000 square feet for establishing its centre for development of computer software along with IT and IT enabled services.
The company would invest Rs 2.5 crore and has projected export of Rs 35 crore over five years.
The third company, Cleartrial Technologies Private Limited has been allotted 10,000 square feet. The company would invest Rs 5 crore and has projected export of Rs 85 crore.
The units would be operational within three months from the date of approval and upon executing lease dead for the space. This means they would be operational by May 2012.
Work being finished
Only building structure was completed by the previous contractor while work on wiring and electrical fittings, flooring, plastering and finishing, painting, windows and door fitting, plumbing and finishing toilets and landscaping was yet to be completed.
The corporation contracted the work to Som Constructions at Rs 44.97 crore and work started in earnest. Work has been progressing at high speed and suddenly the park which had no takers earlier, found its first tenants in the wake of IT majors TCS and Infosys consenting to establish their software delivery centres in the city.
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