I S T Ltd has announced that Gurgaon Infospace Ltd, Wholly owned Subsidiary of the Company got formal approval for set up Sector Specific Special Economic Zone for IT / ITES over an area of 11.58 hectares at Village Dundahera, District Gurgaon, Haryana from Government of India, Ministry of Commerce & Industry, Department of Commerce (SEZ Section) Vide their letter dated June 19, 2007 received by the Company on June 27, 2007.