One more IT SEZ withdrawn from Gujarat Vadodara

September 27th, 2010 No Comments   Posted in Gujarat in News

Citing environmental hazards, Strength Real Estate Private Limited, a special purpose vehicle (SPV) floated by Mumbai-based K Raheja Corp, has withdrawn the formal approval granted for an IT/ITeS special economic zone (SEZ) at Vemali near Vadodara in Gujarat.

Spread across an area of 13.74 hectares, the IT SEZ was supposed to come up on the banks of the river Vishwamitri. However, environmental hazards prevented the SPV from moving further. “Any construction work on that site would have deteriorated the situation,” said a source close to the development. More »

Gujarat’s first IT SEZ clicks as Kendle logs on to Mindspace

IBM team explores SEZ for 5,000 employees unit

Gujarat’s first special economic zone for IT/ITES services is all set to kick start next month. US based Kendle group, a leading global clinical research organization (CRO) with about $ 415 million net revenues in 2009, has firmed up its plans to check into Mindspace, a Rs 1200 crore IT/ITES SEZ project developed by Mumbai-based K Raheja Corp on Ahmedabad-Gandhinagar Knowledge Corridor. More »