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Infosys is hoping for a SEZ status for its proposed unit in Kolkata. Infosys said that they are expecting a positive solution of the burning issues with the state government.

"We are having discussions with West Bengal government. We will not take any hasty decision. I am hopeful the issue will be resolved," – words by Infosys Technologies Executive Co-Chairman Kris Gopalakrishnan.

Company representatives are saying that the company has not taken any decision over whether to stay in Kolkata or not. Earlier, to know the present status for their SEZ unit in Kolkata Infosys had written a letter to Housing Infrastructure Development Corporation (HIDCO). As a response, the company has been allocated 50 acres of land in Rajarhat area.

Partha Chatterjee, State Industry & IT Minister earlier stated that the government will not entertain SEZ regime in West Bengal. Ministry had already asked the IT major to bring an alternative solution rather than SEZ concept. Relevant to this, Gopalakrishnan said IT industry may have to go through a difficult time for coming two to three years. Though this condition is tough, a 13-15% growth is indicating a positive condition.

"Infact IT industry is growing faster than the national GDP or world economy," Gopalakrishnan added.

In second week of February, IT industry body Nasscom projected the industry to grow between 11 and 14% during fiscal 2012-12.

Gopalakrishnan added that though it's a slow recovery but the things have started to look better in US and Europe.

"There is some confidence that issues related to Greece will be resolved. We hope we will not face 2008 catastrophe," Gopalakrishnan said.