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Land allocation delay hits IT, ITeS and semicon projects
The New Indian Express Jeypore
|December 25, 2024
THE ambitious plan to position Bhubaneswar as an IT and electronics manufacturing hub has hit a roadblock due to delay in allotment of land and a shift in focus from the core objectives of the Infovalley project.
The Infovalley project, conceived in the early 2000s, was designed to offer state-of-the-art infrastructure for IT, IT-enabled services (ITeS), IT delivery centres, and electronics system design and manufacturing (ESDM) industries.
Located on the outskirts of the capital, it was designed to complement the success of Infocity project which brought IT majors like Infosys, TCS, Wipro, and L&T Mindtree to the city.
However, delay in allotting land to upcoming IT, ITeS and semiconductor companies have raised concerns in the industry and investors circles about Odisha's commitment to its original vision.
This story is from the December 25, 2024 edition of The New Indian Express Jeypore.
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