Andhra Pradesh - Hyderabad   

Land allotment for Satyam, Apache okayed

Special Correspondent

Software facility planned at Thotlakonda

HYDERABAD : The Cabinet on Tuesday approved the allotment of 50 acres of land for Satyam Computer Services at Visakhapatnam and 315 acres for Apache Investment Holdings near Tada in Nellore district for setting up product-specific special economic zones (SEZ).

Minister for Information Mohd. Ali Shabbir told reporters that the Cabinet also resolved to sell 50 acres at Thotlakonda Hills near Visakhapatnam to Satyam Computers Services at a concessional rate of Rs. 10 lakhs an acre for setting up a Rs. 100-crore software facility providing direct employment to 2,000 persons. The Singapore-based Apache Investments Holdings, an exclusive supplier of footwear to Adidas seeking to establish a manufacturing unit in the state, would be leased out land for 25 years on a nominal payment. The unit would manufacture 20 lakh pairs of shoes a month, employing 20,000 persons in the first phase, of whom 15,000 would be women.

Agreement

An MoU signed by the Government with the company recently, provided for the completed facility becoming operational in four years but arrangements were under way by the company to go on stream much earlier, Mr. Shabbir said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Andhra woman makes it big in Canada
National Building Code goes for toss
Learning everyday and loving every moment
On hunt for carnivorous animals
R.K.'s heart beats for common man
Cabinet nod for rural job scheme guidelines
Reduce width of Outer Ring Road, says BJP
Slum-dwellers of L.B. Nagar locality cry foul over eviction
Indira Bhavan causes anxiety to slum-dwellers
Power shutdown in many areas today
Congress urged to focus on weavers' problems
Stir plan for 9.5 p.c. interest on PF
Separate cells to monitor Kolleru lake clean-up
Land allotment for Satyam, Apache okayed
BJP moots year-long fete of Secunderabad
New Additional GM of SCR assumes office
Cabinet reviews farm operations
IFCAI bags AMDISA accreditation
Gearing up for big event
OU signs MoU with College of Air Warfare
Around The City
In Hyderabad Today

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu