10 acres of land to US IT major to set up company in Bhopal

[OhioChick]

Source: Economic Times India

May, 2008, 1557 hrs IST, PTI

BHOPAL: The Information Technology Department has allotted 10 acres of land to US-based IT major, Underhill Technology INC, for setting up an IT company here.

The land has been allotted out of the 212 acres of land provided to the department for setting up an Information Technology Park at village Badwai in Bhopal, official sources said.

A sum of Rs 2.42 crore would be charged from the company at the rate of 25 per cent of the commercial rate of Rs 2400 per square meter fixed for year 2007-08 by Collector, Bhopal as per prevailing market value guidelines, they said.

1 per cent land rent and land premium would be charged from the company and annual land rent of Rs 2.42 lakh would be fixed.





Read more: http://economictimes.indiatimes.com/articleshow/3018641.cms

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I think it's safe to say that "Underhill Technology INC." won't be taking any U.S. citizens with it.

[BrklynLib at work]

1. Good guess. Bet you are 100% accurate.

[KillCapitalism]

2. Eh...

"I think it's safe to say that "Underhill Technology INC." won't be taking any U.S. citizens with it."

I don't think so either b/c they'd have to pay them more than $5/hr.

[Nihil]

3. Probably not a bad move, considering the location ...

> I think it's safe to say that "Underhill Technology INC." won't be
> taking any U.S. citizens with it.

... or do you think that Bhopal has decided to "forgive & forget" with
regard to their treatment by previous American companies?

:shrug:

[deadmessengers]

4. What's to forgive?

Underhill Technology isn't Union Carbide. If they were, I could certainly see folks in Bhopal telling them to go fuck themselves. But, these people are getting a solidly upper-middle class income (by Indian standards, of course), and they're not going to walk away from that just because the company bringing those jobs in is from the same country as the unrelated company that fucked up and killed 10,000 people almost 25 years ago.

[Nihil]

6. Just saying that some people have longer memories than others ...

BTW, not only is "Underhill Technology isn't Union Carbide" but
"Underhill Technology Inc" and "Underhill Technology" only seem
to exist with reference to this article ...
:shrug:

[OhioChick]

7. Interesting....I'll have to look into that.

Here's another site:

US company Underhill Tech allotted land in Bhopal
BHOPAL: The information technology department has allotted 10 acres of land to US-based IT major, Underhill Technology INC, for setting up an IT company here.

The land has been allotted out of the 212 acres of land provided to the department for setting up an Information Technology Park at village Badwai in Bhopal, official sources said.

A sum of Rs 2.42 crore would be charged from the company at the rate of 25 per cent of the commercial rate of Rs 2,400 per square metre fixed for year 2007-08 as per the prevailing market value guidelines, they said.

One per cent land rent and land premium would be charged from the company and annual land rent of Rs 2.42 lakh would be fixed.

Separate amount would be payable for infrastructure development and maintenance as per the requirement. The company would be provided other concessions/facilities as per the IT policy of the state government, they added. - PTI

http://www.thehindubusinessline.com/blnus/15071609.htm

[barnel]

5. it's not a matter of forgive and forget

it's a matter of 'always take jobs from American workers'