Special IT regions to lure foreign investment
Monday, 19 November 2007, 20:30 IST
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New Delhi: India is working out a policy to set up IT investment regions to attract foreign investors, even as it grapples with setting up of special economic zones in the country. "The government is in the process of formulating a policy for setting up information technology investment regions (ITIRs) in consultation with other ministries and departments," Shakeel Ahmed, minister of state for communications and IT, informed parliament Monday. ITIRs would be large townships with specific processing zones for the IT sector. They are likely to be larger than the IT SEZs. In fact, an ITIR would have multiple SEZs, free trading zones, export units and airports, apart from residential areas, schools and hospitals. State governments would select the developers for such ITIRs and also determine the locations.
Source: IANS
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