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Hyderabad SEZs on the FAST TRACK

The Andhra Pradesh government has given letters of permission (LoPs) to seven IT companies to set up their offices in special economic zones (SEZs).

The companies include QFund Technologies Limited, Rimage Corporation, KAG Outsourcing Services, Yash Technologies Limited, Freescale Semi Conductor India, IT Convergence Professional Services, and Intelligroup Asia Private Limited. Four of the seven companies do not have their base in Hyderabad.

According to an official release, the Unit Approval Committee meeting of the development commissioner of AP (IT SEZs) approved the proposals of these seven companies to set up offices at various IT SEZs in the city.

While QFund, a subsidiary of Virinchi Technologies, has planned its office on 18,339 sft, Yash Technologies has proposed to set up its 92,994 sft office.

Gujarat-based KAG Outsourcing and US firm Rimage Corporation have been allotted 4,800 sft and 3,200 sft.

Delhi-based Freescale Semi Conductor, IT Convergence of Bangalore and Intelligroup Asia would set up their offices on 28,652 sft, 15,102 sft and 15,241 sqft respectively.

The seven units together have proposed to create 1,886 jobs, the release said.

Of the 57 approved IT SEZs, 30 commenced operations during 2009-10. The government has given LoPs to 83 units in these 30 SEZs, of which 38 units have started operations and recorded an export turnover of Rs 3,595 crore.

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