Wipro buys 50 acres in Pune

PUNE: Software major Wipro has acquired 50 acres of land worth Rs 11 crore from the Maharashtra Industrial Development Corporation (MIDC) at the Infotech Park at Hinjewadi to build a sophisticated campus as an expansion to its existing facility.

Wipro Ltd. CIO Tamal Dasgupta handed over the cheque to deputy CEO of MIDC Shyam Wardhane at the IT Park to take possession of the land.

Wipro plans to build a sophisticated campus, which will fit into its overall plans to be a global player in IT, consulting services and BPO market. Wipro already has a 25-acres campus in the first phase of the Hinjewadi IT Park developed by MIDC. The new campus located in the second phase of the Park will enable Wipro to expand its operations in Pune, making the city a crucial location for Wipro.

Wardhane said, that out of around 400 acres of land earmarked for IT-BT sector under the II Phase of expansion program, 111 acres was purchased by Infosys and with acquisition of 50 acres by Wipro.The allotment of land under the II phase program for the IT sector has been completed.

He said that MIDC has already started the process of acquiring land under the III phase of the expansion program, which will be more than, that acquired under the II phase and "we expect the entire process to be completed within the next six months time," he stated.

The heels of major expansion plans and property acquisition in Pune, announced in the past year by companies like Infosys, IBM, and others, Wipro's decision to invest further in Pune only goes to reaffirm the reputation of the city as a prime location for the IT and knowledge-based industry.

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