Quark to set up India's biggest business park

Monday, 17 May 2004, 19:30 IST
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CHANDIGARH: Quark, one of the world's leading IT companies, is set to commence work on India's biggest and most advanced business park in Punjab. Quark City plans to herald a new concept of business parks offering everything to tech-savvy companies within its campus adjoining the industrial town of Mohali, about 10 km from here. "The groundbreaking ceremony for the 46-acre project will be performed Thursday (May 20). This will serve as a pilot project for the proposed 5,000-acre integrated business township to be set up by Quark in the vicinity of Chandigarh later," said P.S. Sehgal, Quark's India-operations executive director. Nestled in a pollution-free zone close to Quark's only facility in India - the company's largest research and development centre worldwide at Mohali - the business park will offer nearly 2.1 million square feet of office space and a 1.1 million square feet residential complex to companies wanting to set up shop in Punjab. The park will be completed within 18 months and include multiplexes, shopping plazas, recreation facilities and medical and educational centres spread over 360,700 square feet. Quark's experiment with a business park in Punjab is being considered a bold one given the failed Mahindra technology park project in Mohali. Quark City will face competition from the union territory of Chandigarh that is setting up its own IT Park with DLF's help. Infosys has promised to invest 1 billion in Chandigarh's IT Park. "We will offer the facility to technology-driven companies only after we have set it up," said Sehgal. "This is unlike the Mahindra project and Chandigarh's IT Park where investment was invited even before land for the project had been levelled."
Source: IANS
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