Real estate firm Rockman Projects of Delhi has entered into a joint venture with Jurong International of Singapore, CB Richard Ellis and Ernst & Young for establishing three Special Economic Zones (SEZs) in North India, which will require an investment of Rs6,000 crores.
Rockman plans to build a multi-product SEZ at Jaipur, a textile cluster in Ludhiana and a multi-service SEZ at Gurgaon. It has obtained all mandatory 36 approvals for them and will commence development activities by March 2007.
Jurong will develop design and master plan for the SEZs, CB Richard will manage financials of the project comprising fund raising through local and global investors and also feasibility study, while Ernst & Young will give the company advisory services on professional management.
Jaipur SEZ will be developed on 1,012 hectares land area at National Highway 8, Gurgaon SEZ will occupy 1,615 hectares on the same highway, whereas Ludhiana SEZ will occupy lesser area of 850 hectares at another location. Firm has spent Rs600 crores for land acquisition in these states till now.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
