Monday, August 04, 2008

CENTRE GIVES NOD TO 4 NEW SEZS

Gandhinagar, August 3, 2008
The Times of India

The Centre has given formal approval to four new special economic zones (SEZs) for Gujarat, taking the total SEZs for the state to 55.

The SEZs that received nod at the Board of Approvers' meet in Delhi on Friday included a textile SEZ by Pradeep Overseas Ltd on 109 hectares (ha) near Ahmedabad, a solar equipment SEZ by Euro Multivision Ltd on 11 ha near Bhachau, and two IT SEZs – by Gauri Shankar Property on 16 ha near Ahmedabad and by Raheja group on 14 ha near Vadodara.

Officials said, Pradeep Overseas – which is in the business of home textiles, home décor and home furnishings, including table linen, bed spreads, quilts, cushion covers and curtains – will be investing Rs 500 crore for the project, which is likely to take place on a land the developers have identified between Ahmedabad and Sanand.

Euro Multivision, which is in the business of renewable energy, will be producing solar cells and other equipment, with an investment of Rs 100 crore off Bhachau.

0 comments: