IT to go land less in Andra Pradesh

IT to go land less in Andra Pradesh

By agencies   |   Tuesday, 25 April 2006, 07:00 Hrs
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HYDERABAD: The Andhra Pradesh government is framing guidelines for allotment of land to IT companies. This is because it is finding it difficult to meet the demands of the IT industry.

Infotech companies are in queue to set up their own campuses in Andhra. It would no be easy, because the state government has fixed some criteria for land allotment.

Companies that are on Fortune 500 list and Indian firms investing at least $11.3 billion and offering employment to 1,500 professionals will be considered.

The government is forced to take this decision, as it doesn't have enough land to meet the demand of the IT industry.

Land acquired by the Government has already been exhausted. The Hi-tech city area has reached saturation, so has the area around International Airport. The government is now looking for other options.

Officials say from now on companies asking for more than 200 acres of land will have to set up campuses away from the city. Plans are on to provide land in the surrounding areas of Hyderabad.

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