The state of Gujarat took its first major step on the Technology superhighway with a proposed Technology Park in Baroda . Mr. A. M. Naik, Chairman & Managing Director, L&T, performed the ground breaking and foundation stone laying ceremony for this new facility being set up by Larsen & Toubro Limited (L&T).
In his address, Mr. A.M. Naik urged upon the employees to leverage the Technology Park to create value for the country and build one strong economic India .
This new facility, only one of its kind in the whole of Gujarat , will be called 'L&T Technology Park'. It is to be set up in an area of 112 acres between the Ajwa and Waghodia crossings on Ahmedabad-Mumbai Highway (NH-8). It will entail an investment of Rs.500 crores in infrastructure and building alone from L&T, spread over a period of 5 years. The draft Zonal Plan (General Development Plan for Vadodara) has identified this area as L&T Technology Park .
11 buildings will be constructed in the first phase which will house offices of L&T's e-Engineering Solutions, EPC Businesses, L&T-Sargent & Lundy, and L&T Chiyoda. Other facilities planned are Project Management Institute, Convention Centre, Employees Hostel, Residential Colony, Food Courts and Entertainment Facilities.
At this set up, L&T is expected to employ around 6000 employees when it is fully functional, mostly engineers, and create, in addition to the above, indirect employment to a large section of local people.
