Gitanjali SEZs on stream: Group Chairman

New Delhi, Mar 29: The Rs 1,500 crore SEZs of Gitanjali Group, leading gems and jewellery retailer, are proceeding as scheduled as the company did not face any problems on land acquisition.

''We have not faced any problems to acquire land for our SEZs as both of them are located in old areas of the cities. Infact, the work on Hyderabad SEZ has started and is on full stream,'' Gitanjali Group Chairman Mehul Choksi told reporters here today.

The Rs 2,500-crore company is setting up two gems and jewellery special economic zones (SEZs) at Hyderabad and Maharashtra. While the first SEZ at Shamshabad, Hyderabad, will be spread over 200 acres of land, the second at Panvel will be built on over 25.23 acres of area.

The Hyderabad SEZ, being built in a phased manner, is expected to be operational in three years.

UNI