with love to indore

Tuesday, March 17, 2009

another millstone in Indore's IT development

Well disclaimer IT minsiter of state is MLA from indore and has been ex mayor

now IT park was vacant after its construction as no IT firm was interested in coming, then they sold it to a shadowy company zoom developers (http://www.zoomdevelopers.com/)

these guys never paid the money ,were granted extension against rule and more importantly now in an environment of depressed prices it would be difficult to get a buyer and even if one gets he will pay less .So huge financial loss to state government not to mention a question mark on IT future in Indore

and these guys were caught by income tax officials as well so one can imagine what kind of financial due diligence was done :)

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