IT special economic zone (SEZ)
The Special Economic Zones (SEZ) had lost their sheen in the last few years as the policy makers were not providing ample facilities to the industries functioning in these places. The commerce department has strongly pitched for allowing the units in the tax free SEZ enclaves to sell a part of their production in the [...] Continue Reading »
Kamarajar Port Ltd has it’s eyes on setting up one of the best and state of the art special economic zones across surplus land available in its kitty, says MA Bhaskarachar, Chairman and Managing Director, Kamarajar Port. In Chennai, the port is known to be a major one along with the famous Chennai port and [...] Continue Reading »
Kochi is seeing spurt in the real estate sector, owing to IT developments. The city has seen launch of new residential, IT, retail, commercial and infrastructure projects over the last few quarters. The residential values of prime localities witnessed a 12-15 per cent hike in values, while rental recorded a growth of up to 25 [...] Continue Reading »
Ascendas, a Singapore-listed technology park developer, is likely to buy an IT special economic zone (SEZ) of Shriram Properties in Chennai, for about Rs 500 crore. Shriram’s IT SEZ is part of a larger mixed use development on a 58 acre land (1.3 million sq. ft.), which it had bought from Standard Motors Factory in [...] Continue Reading »
