EMN inks pact with MP govt for setting up IT Park in Gwalior

Australian IT firm E matrix Net (EMN) signs contract with MP State Electronics Development Corporation (MPSEDC) for setting up an IT park at Gwalior.

PTI | April 21, 2011



Australian IT firm E matrix Net (EMN) today said it has signed a contract with MP State Electronics Development Corporation (MPSEDC) for setting up an IT park at Gwalior.

EMN has commenced a contract wherein it will be availing the opportunities of MPSEDC-owned IT Software Technology Park at Gwalior, EMN said in a statement.

However, no investment details were provided.

"EMN has plans of deploying more the 10,000 Local Madhya Pradesh IT resources (personnel) in the coming five years," EMN Chairman and Managing Director Vishal Chipkar said.

Chipkar said EMN has a global clientele and foresees a huge potential in the Indian IT sector.

"The company has a work order of USD 47.50 million for their current software project at Gwalior from various clients and will be currently hiring more than 2,500 resources by 2012," Chipkar said.

MPSEDC is the state agency working towards promotion and implementation of IT and e-Governance.

It is the single-point of access to IT business opportunities in the state and encourages players in the field of IT to invest in Madhya Pradesh.
 

Comments

 

Other News

One overlooked skill for success: The art of saying no

The Power of Saying No!: Why Really Successful People Say No to Almost Everything By Ashutosh Garg Rupa Publications, 200 pages, Rs 395

US reduces tariffs on India to 18%

US president Donald Trump has announced a reduction on tariffs on Indian imports from a punitive 50% to 18%. He called prime minister Narendra Modi late Monday (India time) and then announced the decision on social media. Trump said India would now stop buying oil from Russia and will procure it from the U

If budget is driven by Yuva Shakti, what do youth think of it?

When the Union Budget 2026 was presented in Parliament, finance minister Nirmala Sitharaman spoke with assurance about economic growth, innovation and employment-led development. Rising revenue receipts were cited as a sign of a widening tax base, while increased expenditure reflected the government’

Animal welfare gets a funding circle

With animal welfare accounting for just 1.5% of India’s corporate social responsibility (CSR) funding, India Animal Welfare Forum (IAWF) has launched the country’s first collaborative Animal Welfare Funding Circle, aimed at addressing long-standing funding and coordination gaps in the sector.&n

"Budget proposals for customs and central excise aim to further simplify tariff structure"

The Budget proposals for Customs and Central Excise aim to further simplify the tariff structure, support domestic manufacturing, promote export competitiveness, and correct inversion in duty, said finance minister Nirmala Sitharaman while presenting the Union Budget 2026-27, in Parliament on Sunday.

Budget 2026: All key announcements

Here is the summary of key announcements in the union budget for 2026-27: YUVA SHAKTI-DRIVEN BUDGET EMPHASIZES ON GOVERNMENT’S ‘SANKALP’ TO FOCUS ON POOR, UNDERPRIVILEGED AND THE DISADVANTAGED NEW INCOME TAX ACT, 2025 TO COME INTO EFFECT FROM APRIL 2026, SIMP


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter