Hi guys,
Thanks for reading my blog posts. The number of audience views of my blog looks very promising. Thanks to all those who wants to know what is going on behind IT development in our Madurai region rather than feeling for why IT companies are not setting foot in South Tamil Nadu. This is my third post.
I spoke about the SEZ regulations that stops investors to move into the ELCOT IT SEZs for operation last week. What other factors are stopping them? Let us see it.
Please see this document in the link : http://www.elcot.in/pdf/IT%20space%20Criteria%20for%20allotment.pdf
It says that it makes to Rs. 28 per sq foot is the rental and minimal allocatable area in the built up space is 2000 sq ft. It makes to 56000 rupees per month for rent alone. In fact rent of the same area 2000 sq ft in Madurai's localities like KK Nagar, Anna Nagar, Bypass road will be very much less than that. So, this also plays a considerable role in stopping Medium and Small scale entrepreneurs to move into the IT SEZ IT Space. SEZ status is stated as an advantage in this document also but note that SEZ status is only advantageous for exports.
The minimum allocatable area is also very big that does not suit many of the small IT firms.
So, the rent plan for the built up space in our IT SEZ is very very exorbitant that the small and medium firms (both IT and ITES) that have very good headcounts could not move into it.
Will meet with a different perspective on the same issue in my next post. Thanks to all viewers once again.
Thanks for reading my blog posts. The number of audience views of my blog looks very promising. Thanks to all those who wants to know what is going on behind IT development in our Madurai region rather than feeling for why IT companies are not setting foot in South Tamil Nadu. This is my third post.
I spoke about the SEZ regulations that stops investors to move into the ELCOT IT SEZs for operation last week. What other factors are stopping them? Let us see it.
Please see this document in the link : http://www.elcot.in/pdf/IT%20space%20Criteria%20for%20allotment.pdf
It says that it makes to Rs. 28 per sq foot is the rental and minimal allocatable area in the built up space is 2000 sq ft. It makes to 56000 rupees per month for rent alone. In fact rent of the same area 2000 sq ft in Madurai's localities like KK Nagar, Anna Nagar, Bypass road will be very much less than that. So, this also plays a considerable role in stopping Medium and Small scale entrepreneurs to move into the IT SEZ IT Space. SEZ status is stated as an advantage in this document also but note that SEZ status is only advantageous for exports.
The minimum allocatable area is also very big that does not suit many of the small IT firms.
So, the rent plan for the built up space in our IT SEZ is very very exorbitant that the small and medium firms (both IT and ITES) that have very good headcounts could not move into it.
Will meet with a different perspective on the same issue in my next post. Thanks to all viewers once again.
Glad that you commented :)
ReplyDeleteI hope you viewed my first post in the blog. The Honeywell that was allotted 5 acres land in Madurai Ilandhaikulam did not apply for building their unit there to the ministry of commerce because the two units outside the SEZ inside Madurai are Research and Development centres and not 100% software development and exporting units and the Chella software has applied for building their unit inside the Ilandhaikulam SEZ is awaiting approval. Once they get their application approved, works will kick off in it.