IT park likely to retain SEZ status SEZ News
Indore: With Impetus Infotech (India) Pvt Ltd handing documents pertaining to the commencement of export operations from the Crystal IT Park based unit, to development commissioner Special Economic Zone (SEZ) Indore, it is likely that this ambitious AKVN project could retain its SEZ status.
The deadline for expiry of the SEZ status for the park was June 23, 2012. The deadline required these companies to offer proof of having started export operations before June 23 otherwise the SEZ status of the project might be withdrawn. The status already has been revised twice in the past.
"The Impetus Infotech (India) Pvt Ltd has submitted some documents which suggest that the company has started export operations," said development commissioner SEZ Indore AK Rathore.
The officer added that a report in this regard would be submitted to the SEZ board which in turn could take a decision within a few days. Rathore, however, informed that remaining two companies which started functioning from the IT Park are yet to submit documents pertaining to export operations.
After a wait of more than a decade, the Crystal IT Park, Indore, was thrown open for operation after three IT companies—M/s Impetus Infotech (India) Pvt Ltd and two of its sister concerns M/s Intellicus Technologies Pvt Ltd and M/s Cleartrail Technologies—were allotted built-up space on June 1.
In February last, three IT companies entered into agreement for setting shops in the park with investment of Rs 32.5 crore. They had assured the park of achieving export target of Rs 543 crore in next five years.