Business Daily from THE HINDU group of publications
Monday, July 28, 2008
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Business Daily from THE HINDU group of publications Monday, July 28, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1730 hrs (IST)
Corporate Ansal to invest Rs 900 cr in Haryana SEZ NEW DELHI: Leading realty developer Ansal Properties & Infrastructure Ltd on Monday said it will invest Rs 900 crore for developing a 250-acre engineering-based Special Economic Zone at Sonepat in Haryana. "We are happy that Ansal API will fill up a long pending demand for space in the fast developing area of Sonepat. The notification of the SEZ has come at an appropriate time when the manufacturing sector has been looking at new avenues of growth,'' Ansal API Chairman Sushil Ansal said. The SEZ would generate employment opportunity and create export option for the national economy, he added. The project would come up on the Amritsar-New Delhi Grand Trunk Road and would be developed through company's subsidiary Ansal Kamdhenu Engineerin g SEZ, the realty firm said in the statement. "Given the demand for Indian engineering products in the developed and developing economies, the existing units are looking at options to expand and new units plan to set up here,'' the statement said. The SEZ would have prescribed processing and non-processing zones, where the non-processing zone would include residential complexes, while the processing zone would house manufacturing and engineering set ups across all industry domain. - PTI
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