Two More Sezs To Come Up In Punjab Soon

Two SEZs have been notified in the state, four officially cleared and four given in-principle approval. Ansal Properties & Infrastructure Ltd and Ishan Developers & Infrastructure Ltd has applied to the state government for developing an IT SEZ in Mohali and an Integrated Textile Park in Amritsar, respectively.

Moreover, three private developers are waiting for in-principle approval from the Centre for developing special economic zones (SEZs) in Punjab. The projects waiting for in-principle approval are Mohali-based A-Tech IT City''s IT SEZ in Mohali with a proposed investment of Rs 205 crore and spread over 57.89 hectares, Chandigarh-based Sukhm Infrastructure (P) Ltd''s IT SEZ with a proposed investment of Rs 745 crore, and Ludhiana-based Malhotra Land Developers & Colonisers (P) Ltd''s engineering SEZ with a project cost of Rs 213 crore and spread over 121.41 hectares. Except based Malhotra Land Developers both these company possess land for their projects. Two SEZs have been notified in the state, formal approvals have been given to four SEZs and in-principle approval to four projects, taking the total number of SEZs in Punjab to 10.

The IT SEZ Park by Quarkcity India (P) Ltd. spread over 13.75 hectares (promoted by Fred Ebrahimi and Mary Wilkie Ebrahimi with a project cost of Rs 500 crore) at Mohali and SEZ for pharmaceutical industry to be developed by Ranbaxy Laboratories Ltd at Mohali with a proposed investment of Rs. 265 crore, spread over 32 hectares, have been notified by the Centre. Both these companies have land in possession for the project.

Further, formal approvals have been given to four SEZ projects, namely Rs 772.5-crore Vividha Infrastructure (P) Ltd, Rs 897.5-crore Mridul Infrastructure (P) Ltd, both at Rajpura(Patila district), Rs 719.74-crore Sukhmani Towers (P) Ltd at Derabassi and Rs 540.16-crore Lark Projects Pvt. Ltd at Mohali.