Sutanuka, Kolkata
The Economic Times The Hindu Business Line
At a time when liquidity has emerged as a major concern for corporates, the Rs 1,250 crore Dhunseri Group has been able to clinch a financial tie-up with State Bank of India (SBI) for its proposed Rs 130 crore IT park venture at the Bantala special economic zone (SEZ) in the southern fringes of the city. The country's largest public sector bank will provide Rs 100 crore financial assistance to the project, which will create 7,000-odd jobs when completed.
The IT Park will come up in a 6-acre plot and comprise twin towers with a total built-up area of 7.19 lakh square feet.
"Construction for the first phase will kick off within next four to five months. In the first phase, SBI has agreed to provide Rs 48 crore towards the project. Dhunseri Tea & Industries, which is setting up the project, will contribute Rs 16 crore. For the second phase, Dhunseri Tea will have to further apply to SBI for financial assistance. For the entire project, SBI's assistance will be in the region of Rs 100 crore," C K Dhanuka, chairman, Dhunseri Group said.
Construction work on the first phase is likely to be completed by 2011. Dhanuka urged the chief minister to improve the infrastructure in the Bantala region for the upcoming IT SEZ. "A 6-lane expressway should come up in the region to help easy movement of traffic," he said.
The Dhunseri group is also revving up for its upcoming Rs 2,500 crore polycarbonate project at Haldia. The state government has handed over some 98 acres for the project, which will have a capacity to produce 130,000 tonnes of polycarbonate per annum.
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