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Old 07-08-07   #1
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Default Parsvnath's Indore SEZ

Realty major Parsvnath Developers Ltd's plan to set up special economic zones are ready to take off with the Government notifying its 76-acre IT and ITes SEZ in Indore entailing an investment of Rs 1,400 crore.

Parsvnath's chairman Mr. Pradeep Jain - "We have received the notification for Indore SUEZ and work will start after complying with pending formalities in next 30-60 days".

As per Mr. Pradeep Jain this was the company's first SEZ, which has been notified by the Centre. The development process would be completed within 36 months after construction begins.


Source: The Hindu
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