Wegmans Industries Pvt Ltd has completed construction of an IT park in Greater Noida,near Delhi. This is a part of the Business Park,which envisages a four-star hotel,shopping malls and residential areas as well. The IT park,which forms part of a business park,has been completed as the first phase of the project. In the second phase,there would be a mall,200 service apartments and a four-star hotel. This ten-acre project will see an investment of Rs 250 crore, says Surendra Kumar Gupta,chairman,Wegmans Industries. Elaborating about his plans,he says,The entire earthquake resistant business park will also have studio apartments to supplement the four-star hotel. Gupta believes that the IT park will usher in a new phase of development in the NCR region. This IT Park will give direct employment to about 5,000 people,and also generate indirect employment in the area, he says. Talking about the prospects of the business park amid economic downturn,Gupta says that India will continue to be the IT leader because of cheap availability of skilled manpower. IT is down but not out and we will always have a competitive edge because of low-cost engineers in India, says Gupta. He adds that high-end products are in good demand owing to the comprehensive range of services.
