Infosys gets a year more to finish SEZ project in Noida

IT major Infosys has been granted more time by the Centre to finish the construction of the minimum built-up area and operationalise its proposed IT/ITeS special economic zone in Noida.

The minutes of a meeting held on May 29 reveal that the Board of Approval (BoA) for SEZs, the top decision making body for SEZ developers and units, extended the formal approval for the project, which was to lapse in April 2020, by a year till April 2021.

Infosys has been given another year to construct the minimum built-up area, although the company had asked for two additional years.

“The developers had pointed out that construction was hampered by a ban on construction activity by the Supreme Court late last year in the National Capital Region (NCR) due to growing pollution, which seemed to be a valid point,” an official told BusinessLine.