INDIAN COMPANY INVESTS IN INDJIJA- COOPERATION AGREEMENT SIGNED

The Cooperation Agreement is signed on July 18, 2008 by the President of Municipality Indjija, Mr Goran Jesic and Memmber of the Board of the company "Embassy Group" Mr. Ramgopala Narayanan from Bangalore. The Agreement is about the cooperation in development of the IT- Technological Park and taking over the land of 50 h in total for building the first phase of the project of the IT Park.

-Immediately after the signing of this Agreement in the field of IT technologies, the Agreement with Institute of Urbanism of Vojvodina has been signed also for the detailed preliminary design of the parcel planning of 50 h, and we are, practicaly, starting in the next week with preparations of the land and with enclosing for the beginning of construction of the project that represents one of the most important projects in Serbia- the President of Municipality Indjija, Mr. Goran Jesic, said.

- The Cooperation Agreement with the Municipality Indjija represents important step of development for Serbia and for Bengalore as well and for the company "Embassy Group Techzones", added the represenatative of the company Mr. Ramgopal Narayanan.

By the construction of the first phase of the IT Park in Indjija 2.500 new work places will be provided, as it was announced. More about the project will be said on Tuesday, during the signing of the Contract between the Municipality of Indjija and the company "Embassy Group", in the presence of the owner of the Company, Mr Gitu Virvani and the Minister of Telecommunication and Information Society in the Government of Serbia, Ms. Jasna Matic.