(250 Crore Will be Invested in the First Phase)
The Orissa government today entered into a memorandum of understanding (MoU) with the K Raheja Corporation for setting up a IT park in Bhubaneswar with 'Mindspace' branding. Pradipta Kumar Mohapatra, commissioner-secretary, IT department, Government of Orissa and Ravi C Raheja, director, K Raheja Corporation signed the documents.
The proposed IT park will be implemented through a joint venture company to be formed between the state owned Industrial Infrastructure Development Corporation (IDCO) and K Raheja group. It is expected to be completed in about 3 years and an estimated Rs 250 crore will be invested in the first phase.
Proposed to be built over 30 acres of land, the IT park is expected to generate employment opportunities for more than 12,000 persons in next 3-4 years.
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