Tag: Sezs

Developers may get to buy back built-up space in STPI

March 19, 2009 – 7:13 am

The department of industrial policy and promotion is considering a proposal to allow real estate developers to buyback built-up area sold in software technology parks of India (STPI) units and lease out it to other businesses. The issue came up in the last meeting of foreign exchange promotion board (FIPB), when the board took up […]

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Jai Corporation To Raise Rs 5,686 Crore Through Venture Capital

September 5, 2008 – 4:34 am

Anand Jain-controlled Jai Corporation, an infrastructure company, has raised commitments worth five thousand six hundred eighty six crore rupeees through its venture capital management company’s two funds. Urban Infrastructure Venture Capital, the company’s venture capital company, is the Indian Advisor to UIREF, a Mauritius-based offshore fund that invests in Indian real estate. Urban Infrastructure Real […]

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Centre has power to denotify SEZ

August 27, 2008 – 2:53 am

Goa Chief Minister Digamber Kamat said that the Centre has a power to denotify Special Econimic Zone (SEZ) if they are not operational within stipulated period of time. Kamat told the State Legislative Assembly on Tuesday, “During my talks with union Commerce Minister Kamal Nath, he said that SEZ projects should be complete within a […]

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Twenty-three New SEZs Cleared

August 2, 2008 – 7:17 am

New Delhi:The Center cleared twenty-three new special economic zones (SEZs), including seventeen projects for setting up information technology and IT-enabled services (ITeS) zones, besides giving in-principal approval to six proposals. The Board of Approval of the Special Economic Zones, headed by Union Commerce Secretary G. K. Pillai, considered a total of thirty-four SEZ proposals, including […]

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