To create jobs for six lakh youths
The Info-Valley Project, which is the second IT Park in the capital city now under construction, is targeted to be commissioned by end of March 2015. On completion, the ambitious IT project along with development of the South City would create employment opportunity to an estimated 6 lakh youths.
The State-run Industrial Infrastructure Development Corporation (IDCO) is the nodal agency for setting up the Rs 151 crore project over 600 acres of land. IT major Infosys is the anchor tenant for the Info-valley where the company has been allotted around 50 acres of land for its second development center, according to official sources.
Meanwhile, Chief Minister Naveen Patnaik who visited the project site and took stock of the progress of the infrastructure facilities on Wednesday, directed the officials to expedite works for basic facilities like road and boundary walls construction, electricity and water connection and communication systems. The Chief Minister was accompanied by Industries Minister Debi Prasad Mishra, IT Minister Pranab Prakash Das and senior officials of the IT and Industries department.
The Info-Valley project will have an IT SEZ project, an Electronic System Design and Manufacturing (ESDM), a Business and Recreation Park and a Hardware Park. The State Government would earn revenue at an estimated Rs 1,500 crore during the first three years of the project operation, IDCO sources said.
The IDCO has prepared an action plan worth Rs 81.19 crore for the financial year 2014-15 for the IT project, the sources said.