Press Release

The foundation stone laying ceremony of Software Technology Campus for C-Net Infotech was held on 6 Oct 2014

C-Net commences work on one of the completely Green and eco-friendly Software TechnologyCampuses in India

  • Bhopal’s Green IT Campus to have a capacity of 2,000 Software Professionals
  • 3,000 additional jobs to be created in the next five years
  • 250000 sqft campus planned at a total investment of approx. Rs. 90 crore

Bhopal October 6, 2014 : C-Net Infotech, a leading global IT services provider is shortly expected to commence the work on its proposed state-of-the-art softwaredevelopment campus at Bhopal.

Hon'ble Union Cabinet Minister, Communications and IT, Law and Justice Shri Ravi Shankar Prasad laid the foundation-stone of their proposed software technology campus 'C-NET TECH PARK' in the august presence of Hon'ble Chief Minister, Madhya PradeshShri Shivraj Singh Chouhan today.

Located at the IT Park in Badwai,Near Bhopal Airport, 'C-NET TECH PARK' will be a vibrant and intelligent, state-of-the-art facility that can accommodate more than 2,000 Software Professionals.

MPSEDC has developed a 220-acre IT Park at Badwai, Bhopal. A World class infrastructure is being constructed near Bhopal Airport with privatesector participation to propel investments in IT and ITES industries. A 50 acre Electronic Manufacturing Cluster(EMC) is also being setup as by MP State Government. 'C-NET TECH PARK' will be integral part of this upcoming technology hub.

Housed on more than 5 acres of land, the C-Net Tech Park campus will have a built-up area of 250000 sq ft. C-Net along with their co-investors is set to invest a total investment of Rs. 90 crore.

"Madhya Pradesh and particularly Bhopal has been a very important part of our growth strategy," said Mr. Pravir Krishak, Founder and CEO, C-Net Infotechon the eve of foundation stone laying ceremony in IT Park Bhopal.

He also added, "Bhopal is fast emerging as an knowledge Hub and the recent emphasis given by the Madhya Pradesh government on investor –friendly policies and infrastructural development prompted us to build a world class campus here."

The ergonomics for the Campus is ‘Inspirational Space’ and will be one of the completely Green Campuses in India. The C-Net Green Campus will be in compliance with the Green Building Norms and International Environmental Quality Standards and will significantly reduce oreliminate the negative impact of buildings on the environment and occupants. TheCampus will be providing 100% treatment of waste water generated and treatedwater would be used for keeping up the Landscape. Solar energy will be generated and usedappropriately.

The Campus will be built in three phases. The first phase, which is expected to be completed within two years, will cover a 1,50,000 sq ft built up area and will house over 1000 employees of C-Net and other leading Global IT Companies.The remaining two phases will be completed within five years and will cover a built up area of 1,00,000sqft

Since C-Net is a SEI CMMI Level 3 and ISO 27001 certified company, the centre has been modelled on these crucial quality and security best practices to safeguard client’s business interests.

Also some of the industry’s best practices have been incorporated in the C-Net Campus. Phase-I will see the development of a two Software Technology blocks, A common facilitation centre, an auditorium and a multipurpose sports complex including a state-of-the-art gymnasium and a health food court.

The campus will also have Resource Development blocks, which will be the in-house facility for enabling mentoring, continuous learning, skill up gradation and new skill development in C-Net.

C-Net – At a glance

Founded in 1998, C-Net Infotech, a SEI CMMI Level 3 and ISO 27001 & 9001 certified, global IT services provider specializes in Enterprise solutions, Application Management, Cloud & Mobility Solutions, and e-governance solutions. With more than 400 people employed in C-Net's offices located in Gurgoan(NCR) and Bhopal in India, the Company is arguably among the fastest growing Indian software services company.

Disclaimer
Certain statements on this press release concerning our future growth prospects areforward-looking statements, which involve a number of risks, and uncertainties thatcould cause actual results to differ materially from those in such forward-lookingstatements. The risks and uncertainties relating to these statements include, but arenot limited to, risks and uncertainties regarding fluctuations in earnings, our abilityto manage growth, intense competition in IT services including those factors whichmay affect our cost advantage, wage increases, our ability to attract and retainhighly skilled professionals, time and cost overruns on fixed-price, fixed-time framecontracts, client concentration, restrictions on immigration, our ability to manage ourinternational operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete andintegrate potential acquisitions, liability for damages on our service contracts, thesuccess of the companies in which C-Net has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions onraising capital or acquiring companies outside India, and unauthorized use of ourintellectual property and general economic conditions affecting our industry.