Punjab receives two SEZ proposals worth Rs 2,376 cr | india | Hindustan Times
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Punjab receives two SEZ proposals worth Rs 2,376 cr

india Updated: Jan 13, 2008 09:22 IST

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The Punjab Government has received two new proposals worth Rs 2,367.22 crore for setting up special economic zones at a total area of 110.80 hectares.

The two proposals are from real estate developers Ansal Properties & Infrastructure (API), and Ishan Developers & Infrastructure (IDI), as per the information collected from Punjab Industries Department.

API proposes to develop a 10.80-hectare information technology SEZ in Mohali at an investment of Rs 506.22 crore. The project is expected to give employment to 35,000 people.

IDI has proposed for set up an integrated textile park on 100 hectares in Amritsar at an investment of Rs 1,861 crore. It has an employment generation capability of 11,000.

In addition to these, Sukham Infrastructure (P) Limited has got a formal approval from the union government for its SEZ proposal, while Malhotra Land Developers & Colonisers has received in principle nod, an official said.

While Sukham proposed to develop IT SEZ with an investment of Rs 745 crore at 11.62 hectares in Mohali, Malhotra Land would set up engineering SEZ in Ludhiana with an outlay of Rs 213 crore.

However, an SEZ proposal of A-Tech IT City is still awaiting an in-principle approval by the union government, the official added.

Punjab has eight formally-approved SEZ projects, while four have been given in-principle nod.