INFY AND WIPRO MIFFED WITH WEST BENGAL LAND DEAL!

West Bengal Govt. has refused to keep it's vow.They are denying land in Rajagarh,to INFOYSIS and WIPRO. As signed in the MoU between the state and two companies seperately,the West Bengal Govt. agreed to give 90acres of land to each of the I.T. companies.But, now the Govt. is refusing to give them the said area of land and is zeroing on only 10 acres of land each. This attitude has shaked the two major I.T. companies. The question is why these I.T. major hubs want to own a land in West Bengal only? The reason is, In this state the land is available at the cheapest price. The land for industrial unit would cost around Rs. 30,00,ooo per 3000 sq. feet in West Bengal as compared to say, 5o,oo,ooo per 2000 sq. feet in Maharashtra.(I have collected data from Land sale site @ internet.)So,the motive is clear Low cost, High Gain.
Now, the second issue is, Why did West Bengal's housing minister Mr.Gautam Deb signed the MoU when he didnot have enough land then? The answer could be, he might have envisaged the growth of I.T. sector in Bengal, which is now predominately, located in South and Western India. It might have served as the employment opportunity for the local dwellers. After thinking about the benefit of the state, why is it now the Minister stepping back?
The reason could be, 1. With Mamta Banerji, being elected as the railway minister of India, has started of many trains fron the state. This has called for the large availability of land for laying of the railway tracks. Also, now unemployment would be the second issue for the state.It might be their reason of pulling themselves off.However,Mr. Buddhasaheb Chatterji, is still not convinced with Deb calling an off to the said deal.
In an interviwe with the Hindustan Times,
Infosys director (Human Resources) T V Mohandas Pai said: “It’s rather unfortunate. The government should take the initiative to acquire land for the project.”
“We are awaiting a formal confirmation on this. We hope that the government is able to allocate land to build the facility,” said Laxman Baliga, chief information officer, Wipro Technologies.
When the deal with Infosys and Wipro was signed last year, West Bengal Information Technology Minister Debesh Das refused to disclose the price at which the land was sold to the software majors.
It was due to the high price of land — Rs 1.5 crore (Rs 15 million)-Rs 2.14 crore (Rs 20.14 million) an acre — that both companies had held back investments in the state since 2003. Infosys had indicated four years ago that they refused to pay more than Rs 45 lakh (Rs 4.5 million)/acre, which was the maximum they paid for land in the country.
To conclude, with the failure of the deal, it would be a huge loss to both the parties. Mr. Bhattacharya should intervene in the project and find the best possible solution that would work in favour of both the parties and hence in overall development of the country.