Omaxe inks MoU with Raj govt to set up multi-brand SEZ
New
Delhi,
Nov
30:
Real
estate
firm
Omaxe
Ltd
today
said
it
has
entered
into
a
memorandum
of
understanding
(MoU)
with
Rajasthan
government
for
setting
up
a
multi-product
special
economic
zone
(SEZ)
at
Alwar
over
a
period
of
five
years.
The proposed SEZ, spread over 5,000 hectares of land, is expected to generate direct and indirect employment for about six lakh people in the state, a statement said.
The company said the Department of Commerce has accorded 'in Principle approval' to it for setting up of the above said project.
Omaxe has promoted a wholly-owned subsidiary -- Omaxe Rajasthan SEZ Developers Ltd -- by making an investment of Rs 5,00,000.
UNI
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Story first published: Friday, November 30, 2007, 13:35 [IST]