Infosys' Rs 600-cr SEZ project

Infosys will set up its second biggest facility worth nearly Rs 600 crore in Bangalore 
•    It received necessary clearances from the Karnataka Government.
•    The new facility will be set up in north Bangalore 
•    It can accommodate 8,000 employees.
•    The Karnataka Government cleared Infosys' proposal to set up an ‘Special Economic Zone' (SEZ) near the Bangalore International Airport.
•    According to Industries Department officials, the company had sought an additional 60 acres of land adjacent to the 40 acres of land already allotted to it.
•    In May, Infosys received clearance for 7.23 acres of land near its existing IT SEZ campus in South Kanara. 
•    Infosys had said that it plans to open a software development centre of 2 million built up sq ft area with an investment of Rs 700 crore.
•    The land will be allotted by the Karnataka Industrial Areas Development Board 
•    It will also provide 13 lakh litres of water a day.
•    Wipro has also received formal approval, both from the State Government and the SEZ Board of Approval to build and operate an SEZ in Bangalore.