CRYSTAL IT PARK GOES TO ZOOM DEVELOPERS

Shashikant Trivedi, New Delhi / Bhopal
Business Standard

Eventually the controversial Crystal IT Park has a taker. The MP government today, in a cabinet meeting, cleared the single bid of Bombay-based Zoom Developers as a co-developer of the IT park at Rs 104 crore after making three futile attempts during the last two years. Zoom Developers has been qualified for technical bid as co-developer, the Crystal IT Park has not attracted any investor since 2003.

“Normally a single bidder is not accepted but we floated tender thrice for developing the IT park,” government spokesperson and cabinet rank minister Kailash Vijayvergiya said