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September 16, 2019

State Govt cuts red tape for Wipro

State Govt cuts red tape for Wipro

The Trinamool Congress Government has decided to allow Wipro freehold land rights on a 50-acre plot in New Town, enabling the IT major to use 49 per cent of the land for non-IT purposes without seeking clearances from various departments. The plot has been leased for 99 years.

Unlike many other States, the Bangla Government is not in favour of special economic zones (SEZ). But the decision to allow freehold land rights would give Wipro a lot of freedom.

The Government has already given freehold rights on land to Infosys. And now with this decision in favour of Wipro, it is expected that investors will be very bullish on Bangla.

According to a Finance Department official, once the land becomes freehold, Wipro will be able to develop facilities of its choice without running to several departments. The Government believes that minimum governance is the best governance, the official said.