FTL pitches in for SEZ in Vizag

As Reported By AndhraBusiness.com, Largest Online news network for business news in Hyderabad, Andhra Pradesh

Firstobject Technologies (FTL) plans to set up a Special Economic Zone (SEZ) in Visakhapatnam.

The process, being part of FTL’s expansion programme, has begun by consultations with concerned officials of Visakhapatnam SEZ, FTL told BSE on Monday.

FTL, a provider of integrated business, technology and process solution on global delivery platform, has a minority stake in Octant Interactive Technologies Limited, which runs 118 Emergency helpline in US and also holds 51 per cent stake in US-based telecom company Tractel Solutions.

Besides software development, the Company made foray into Knowledge Process Outsourcing (KPO).

FTL financial figures for the quarter ended September 30, 2009, has shown a net profit of Rs 5.15 million and total income of Rs Rs 52.45 million.