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Nahar likely to construct IT park at Mundian Kalan

21
Mar '07
Nahar Industrial Enterprises Limited (NIEL), based in Punjab, is mulling over setting up an IT park on 100 acres land area at Mundian Kalan.

Vice Chairman and Managing Director Kamal Oswal informed the media that reputed Indian architects are designing blueprint for the project, which will be operational within three years.

Oswal added that NIEL also plans to enhance spinning and weaving capacities as well as constructing a power plant by next fiscal, at an investment of Rs8,140 million.

NIEL will spend Rs3,150 million on yarn segment, Rs3,320 million on fabric segment and Rs6,170 million on power generation.


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