Thanks a lot. Great work.! you have collected all the solid information from the official websites.
all the approvals are there in place, but last official statement from infy was saying no co-op from government for land conversion.
But as per the links provided by you all approval is there, then why infy is not starting the construction at that site..any idea?
Any one who knows the latest info kindly share.
Thanks,
Senthil
awin wrote:Hello People,
Please don't go by musings posted by people that either hate IT growth in Bangalore or are ignorant/foolish enough not to check their facts.
Following are some facts concerning Infosys Sarjapur road campus:
1. Infosys has complete ownership of about 300 acres of land in Sarjapur-Billapur area on Sarjapur-Attibele road. Check Infy's report filed to US stock markets. Link: http://www.infosys.com/investors/report ... F-2011.pdf
2. The SEZ board of Indian Central Govt has given formal approval for the Infosys Project. Check the link: http://www.sezindia.nic.in/writereaddat ... rovals.pdf
3. Even the Karnataka State Govt has given formal approval for the same project between 2010-11. Check the link: http://www.bangaloreitbt.in/worddocumen ... -11[1].pdf (says 365 acres of own land).
4. Check out Karnataka Govt Gazzette Notification: http://gazette.kar.nic.in/09-09-2010/Pa ... -2360).pdf
Now, let's go to some negative media/Infosys reports:
1. http://m.ibnlive.com/news/can-infosys-m ... 55-55.html. After cribbing incessantly until recently about Karnataka State Govt approvals (mostly by the then HR director Mohandas Pai), we now have a Mr. Ramdas Pai quoted by the IBN report saying 'water & road connectivity' as major problems. Let's get to them:
a) Water: As seen in Karnataka Govt docs above, it is true that the state govt has promised water through KIADB. But if u look closely, that is only a small portion of the total requirement. In other words, they have approvals to dig borewells. And 365 acres is a lot of domain to find enough water to serve any number of non-resident employees! The IT industry's water needs are limited to domestic use unlike other water-dependent industries!
b) Road: Connectivity? What??!! The 365 acre property has atleast 600 meters facing SH-35 (state highway - Sarjapur-Attibele road). The SH-35 leads to National Highway 4! For those that aren't aware of the location, check out http://www.wikimapia.org/#lat=12.847619 ... 15&l=0&m=b Wonder if Infosys is expecting the State Govt to build their internal roads!!
Anyone with little common sense would trash the above two as silly reasons for the delay in setting up the project. Infosys has claimed that without these two, their costs would go up 10% over an estimated cost of Rs 1000 Crore = Rs 100 crores. That's pittance for a Rs 1.6 Lakh Crore by Market Capitalization company! Remember there are hundreds of other IT companies (both Indian and MNCs) that thrive in a so-called difficult-indian/bangalorean-terrain. Those companies fend for their own water and space. They don't complain. And they are here to stay for a reason.
Bottomline: If you GRANT the benefit of doubt to Mr. Ramdas Pai as being misquoted, we have a jealous/ignorant journalist with CNN-IBN/CNBC - Sunanda Jayaseelan. If you DENY the benefit of doubt, this whole saga about Infosys-Sarjapur campus is a classic case of 'SOCIALIZE THE COSTS, BUT CAPITALIZE THE PROFITS' by the greedy echelon at Infosys.
