To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
 
  •  

Infosys in trouble over Chandigarh SEZ

Infosys in trouble over Chandigarh SEZ
New Delhi, Mar 5: IT major Infosys has landed in trouble over alleged violation of norms in connection with the Special Economic Zone (SEZ) land it is developing in Chandigarh.

As per the established norms, the SEZ land should be vacant for getting approval. But there were some structures on Infosys' SEZ land even before the approval, alleged the revenue department in the Finance Ministry.

"Land was not vacant, some structures were there. Investigation has come up. Information has been sought," a senior CBEC is quoted as saying.

Infosys, on the other hand, has expressed shock over the statement saying that the company complied with the SEZ regulations.

"Our site has been inspected by the authorities and full disclosure has been made to the board of approval," said Infosys Director, Human Resources and Administration, Mohandas Pai.

Revenue Secretary Sunil Mitra has informed that the matter is up for further discussions on Mar 9.

OneIndia News

 
Connect with

Biotechnology major Biocon forays into nephrology space

Bangalore, Mar 09:  Biotechnology major Biocon on Thursday forayed into the nephrology space with the launch of a portfolio of five renal therapy products for the domestic and global markets, which it said was cheaper compared to MNC drug prices. The new immunosuppressants for renal therapy are at least 35-40 per cent cheaper than the MNC drug prices in the similar product category, the company's Marketing Head Rakesh Bamzai said.The Bangalore-headquartered company's Chairman and Managing Director, Kiran Mazumdar-Shaw said.....
User Comments
mannu thakur 26 Aug 2010 03:39 pm
hello
[ Post Comments ]
Oneindia  Oneindia Login