Chandigarh, September 21
Information technology (IT) major Wipro’s loss at UT administration’s flagship Rajiv Gandhi Chandigarh Technology Park here has proved to be a gain for a number of small IT firms. The UT administration has decided to carve out smaller plots on the resumed 30-acre plot of Wipro with a view to get in smaller companies.
Confirming the decision, VK Singh, Finance-cum-IT Secretary, today said the decision had been taken since a number of applications for the allotment of sites of smaller dimensions were pending with the administration.
The administration had recently resumed the 30-acre plot as Wipro had not got its construction plan sanctioned even five years after allotment.
The administration had allotted land to the IT giant at Phase II of the IT Park in April 2006 at Rs 40 lakh per acre. This was the second largest plot there after Infosys’.
Sources said preference for smaller IT firms against giants was a part of the smart move by the administration to give a boost to the IT sector in the city.
Since most of the IT majors allotted sites at the IT Park were yet to start operations, the allotment of sites to small IT players made sense, the sources added.
The administration had already been facing rampant subletting of space to non-IT firms by major firms, especially the DLF. The allotment of sites to small IT companies would take care of this subletting of space.
This was perhaps the reason some companies had requested the administration to allow subletting, but the administration had declined to do so. Strict action would be taken against defaulting IT firms, Yogesh Kumar, IT director, had warned.
Information technology (IT) major Wipro’s loss at UT administration’s flagship Rajiv Gandhi Chandigarh Technology Park here has proved to be a gain for a number of small IT firms. The UT administration has decided to carve out smaller plots on the resumed 30-acre plot of Wipro with a view to get in smaller companies.
Confirming the decision, VK Singh, Finance-cum-IT Secretary, today said the decision had been taken since a number of applications for the allotment of sites of smaller dimensions were pending with the administration.
The administration had recently resumed the 30-acre plot as Wipro had not got its construction plan sanctioned even five years after allotment.
The administration had allotted land to the IT giant at Phase II of the IT Park in April 2006 at Rs 40 lakh per acre. This was the second largest plot there after Infosys’.
Sources said preference for smaller IT firms against giants was a part of the smart move by the administration to give a boost to the IT sector in the city.
Since most of the IT majors allotted sites at the IT Park were yet to start operations, the allotment of sites to small IT players made sense, the sources added.
The administration had already been facing rampant subletting of space to non-IT firms by major firms, especially the DLF. The allotment of sites to small IT companies would take care of this subletting of space.
This was perhaps the reason some companies had requested the administration to allow subletting, but the administration had declined to do so. Strict action would be taken against defaulting IT firms, Yogesh Kumar, IT director, had warned.
Why smaller IT firms?
- Best suited for Tier-II cities like Chandigarh
- Will check subletting by big firms to non-IT ones
- Will optimally utilise Wipro’s resumed 30-acre plot
- Will create more room for IT activity in scarce space
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