On 9th Sep 2014, Wipro sent a letter to Hidco indicating that they would be willing to take forward their project for which they had been given an allocation of 50 acres of land in Action Area 3 of New Town in 2009. They have agreed to pay the balance amount of land cost (75%). However they have requested that for this the Delayed Payment Charges may be waived.
The letter was discussed with due seriousness. The State Government was also consulted. In view of the spin-off and multiplier effects, the Hidco Board agreed on 25th Sep (day before yesterday) to waive of the DPC as prayed for by Wipro in the overall public interest.
I think this is a very positive development. The 50 acre project development of Wipro will go a long way in Bengal's economic growth, creation of job opportunities and making New Town an IT destination.
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Here is a clipping from today's Times of India:
Here is a clipping from August 2014 issue of Urban News Digest: