Pune
News:
DS Kulkarni Developers has plans to
set up a multi services Special
Economic Zone(SEZ) at Fursungi, in
Pune. According to a release
issued by the company to the BSE
today, the proposal has received
recommendation for in principal
approval of the Board of Approvals
recently. Kedar Vanjape, vice
president, DS Kulkarni said, "that the
proposed SEZ is for multi-services
sector and would be spread on the
area...
of
101.2 hectors. The SEZ will include
sectors like information technology,
biotechnology, hospitality, animation,
design engineering, hospitality". The
estimated cost of the project would be
close to Rs 2,000 crore, the release
added.
The company is in the process of
purchasing land for this SEZ directly
from the landowners. This will be the
first SEZ for the multi-services
sector in Pune and the company is
planning to take the Foreign Direct
Investment route to raise the
necessary funds for the investments.
