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Parsvnath's pharma SEZ

Pune, April 8

Parsvnath Developers Ltd is setting up a pharmaceutical SEZ in the Krushnoor Industrial area of Nanded in Maharashtra. The 370-acre SEZ is being developed with the Maharashtra Industrial Development Corporation, with PSL holding 74 per cent stake in the joint venture company that has been named `Parsvnath MIDC Pharma SEZ Private Ltd.' Speaking at the foundation stone laying ceremony, the Maharashtra Industry Minister, Mr Ashok Chavan, said: "The SEZ will help in bringing FDI and will fuel exports from the region. I am confident that the facility will attract many global pharma majors to set up their latest ventures at Nanded." - Our Bureau

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