Business Standard
Wednesday, May 23, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||||||Technology| 
 Section Home | News Now | Features & Analysis | IT/ITES | Telecom | Hardware | Columnists | Gadgets & Gizmos
Home > Tech World Live Markets | Commodities
 

Wipro not leaving Bengal, to negotiate SEZ status
Swati Garg / Kolkata Feb 23, 2012, 00:01 IST

There is finally some good news for the beleaguered West Bengal Information Technology (IT) Minister Partha Chatterjee.

Even as it has become obvious that the Infosys project might go the Singur-Nano way and quit Bengal, the country’s fourth-largest IT service provider, Wipro told Business Standard the deadline of application for the special economic zone (SEZ) status could be extended.

“We can negotiate the SEZ sun down with an application. What this will mean is that we will not get the full 10 years’ benefit, the time will be deducted. We are fine with that,” said a senior Wipro official.

According to the sun-down clause of the central government’s SEZ policy, areas notified after March 31, 2012, would have to pay a 20 per cent improvement tax.

This is the first time Wipro has made a comment on the proposed 50-acre Rajarhat campus, which is to be the second Wipro campus in the state. However, even as Wipro still intends to set up the campus, the official said, the company would not start work on the campus without an SEZ status.

“Without SEZ help, the campus would just not be financially viable. But we are in no hurry. We have the land in any case. Also, since we still have some space in the first campus, we can take our time on the second one,” the official said.

Interestingly, in December last year, Wipro founder Azim Premji met West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee. Although Premji remained tightlipped, refusing to speak to the media after the meeting, state Finance Minister Amit Mitra said Wipro would be investing Rs 700 crore in the state. The second campus was expected to generate 15,000 jobs, he added.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower
- Muted response to Akzo Nobel India's buyback plan
- Air India extends contingency plan to June 1
- Oil Minister says 'immediate' need to hike fuel prices
- Retrospective amendment in I-T laws will not impact FDI: Govt
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
 
 
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone disconnects India IPO plan for now
- PFC net up 16% to fund coal mining, gas projects
- Trai recommendations may lead to steep tariff hike in metros: PwC
- RCom goes all out to show off Google partnership
- The government has been an utter failure on all fronts: Nitin Gadkari
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Creamy layer |  Air India |  GAAR |  DRDO  |  Black Widow |  Satyamev Jayate |  Akshaya Tritiya |  Aamir Khan |  IPL |  IVRCL |  Ertiga |  Sarfaesi Act |  Vodafone |  Imagine TV |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Budget 2012 |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us