Significantly Patni, which employs over 11,000 software professionals, will build facilities with a projected capacity for nearly 10,000 people at an investment of Rs 160 crore. The campus will be spread over 30 acres. Cbay Systems will spend a projected Rs 100 crore with a projected employment of 2,664 people while semiconductor design major Connexant will build facilities at an investment of Rs 35 crore.
Connexant chairman Dwight W Decker had announced in Hyderabad a $250 million expansion plan recently that will see India emerging its design base. US based IT services giant Cognizant, which employs over 23,000 people across the world, will build a campus at a projected investment of Rs 40 crore with a capacity for 3663 people. Sonata Software will pick up eight acres to set up a campus art an investment of Rs 30 crore.
The deals come ahead of the state’s three-day flagship event of Gitex India 06. These will come up at Pappanguda on the outskirts of Hyderabad where the country’s first software special economic zone(SEZ) is slated to come up over 120 acres. Space at the SEZ has been totally taken up, the state IT & C secretary Ratna Prabha told presspersons today. Given the fact that the current dispensation providing incentives come to an end in 2009, companies are rushing for space under the SEZ scheme which provides sops such as 100% IT exemption, till 2015.
At the same time the government is also signing up memoranda of understanding with five companies that want to set up campuses at Visakhapatnam, Ratna Prabha added.
