L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around 3 million sq. ft of… Read More »
Swiss bank UBS has entered into an agreement to pick up 4 lakh sq ft of office space on lease at realty developer K Raheja Corp’s IT Special Economic Zone Gigaplex at Airoli in Navi Mumbai in one of the largest occupier lease transactions, three persons familiar with the development said. The Zurich-headquartered, NYSE-listed multinational… Read More »
The Mamata Banerjee government has permitted Shapoorji Pallonji Group to sell 15 acres of its 50 acre land at Action Area III of New Town-Rajarjat to information technology giant Cognizant Technology Solutions (CTS). Significantly, this 50-acre land parcel owned by Bengal Shapoorji Developers, a subsidiary of Shapoorji Pallonji group, enjoys special economic zone (SEZ) status. The group… Read More »
The multi-product SEZ, financed by Srei and marketed by another Srei initiative Attivo, is ready to house diverse industries, including electronics, general engineering, aerospace, auto and components, solar, renewable energy, food processing, and many more. The SEZ has the potential to generate direct employment in excess of 50,000 over the next decade, the company’s media… Read More »
Property developer Embassy Group has emerged as the exclusive co-developer for setting up a 30-acre special economic zone to come up in the city, the company said today. The project, a 30-acre SEZ property, on Thoraipakkam Pallavaram Radial Road in Chennai would be known as “Embassy Splendid TechZone”, it said. The first phase of the project is… Read More »
Software major Wipro has sought the government’s nod to set up an IT special economic zone (SEZ) in Kolkata. The company’s application will be considered by the inter-ministerial body, Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, in its meeting on June 22. Wipro has proposed to set up IT/ITeS SEZ over an area of… Read More »
Aequs, which owns special economic zone (SEZ) at Belagavi where it runs aerospace and automotive businesses, looks at consolidating its position in the aerospace business, in the next five years. “We have enough order book with us and quite good acquisitions abroad. Our SEZ also houses leading technology companies in aerospace. Now we want to… Read More »
Twenty-six Special Economic Zones (SEZ) in Telangana out of the 48 such facilities notified in the State have become operational. The Development Commissioner of the Union Ministry of Commerce & Industry, based at the Visakhapatnam SEZ in Duvvada, said this urging the State government to nominate officials to participate in meetings concerning the facilities. The 26 SEZs… Read More »
Eight special economic zone (SEZ) developers and units, including Gulf Oil Corporation and Lanco Solar have sought more time from the government for implementing their projects. All these requests will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on June 16. The BoA is a 19-member inter-ministerial body that deals… Read More »
Information technology major Wipro wishes to take forward a plan to revive a special economic zone (SEZ) project in West Bengal. It has approached the state government’s new minster for information technology, Bratya Basu. If Wipro’s recommendations are accepted, it could mean the software giant would come up with a third facility at Rajarhat, near this… Read More »