Sources said the SEZ scheme has been a big draw among technology companies, with some of the biggest names in the industry either already announcing plans or planning ventures.
Nearly $2-3 billion are expected to flow into these IT SEZs by December 2007, they said.
Flextronics, a contract manufacturer, will also invest $100 million for a 250-acre SEZ at Sriperembudur in Tamil Nadu. Finnish telecom handset major Nokia has already started production at its SEZ in Tamil Nadu, where it will pump in a total of $100 million.
US telecom major Motorola and the world's largest computer maker Dell also have plans to invest $100 million each in SEZs in the country. Online search engine Google has lined up an expenditure of $500 million for an SEZ, while Accenture will spend $ 200 million.