Videocon SEZ in Aurangabad Soon Art Icle to O Ls

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Videocon SEZ in Aurangabad soon Art icle To o ls

September 18, 2006 16:45 IST Email this article Top emailed Top Emailed The Videocon group plans to set up a multi- links Print this article Features product special economic zone at Shendra in Aurangabad district of Maharashtra at an Contact the • 10 rules for multiplying investment of Rs 6,600 crore (Rs 66 billion). editors personal wealth Discuss this • The new tax slabs article • Buying a home? 6 vital "Videocon is going to set up a multi-product SEZ steps to follow near Aurangabad at a total investment of Rs 6,600 crore with an employment generating

Have you tried this? capacity for over 40,000 people," an oﬃcial told PTI today adding the SEZ would spread across Did you GIVE today? • Ask a question 3,000 to 5,000 acres. GiveIndia • News on your Desktop Memorandum of understanding for the SEZ, Moneywiz whose initial investment would be Rs 1,000 • Stocks & MFs crore (Rs 10 billion), will be signed on Monday, he said.

This SEZ would be a joint venture between Maharashtra Industrial Development Corporation and Videocon and a special purpose vehicle has been formed for the same, he said.

This will be yet another large investment coming into the state that has already been successful in attracting investments from automobile companies like General Motors, Mahindra and Mahindra and two-wheeler giant Bajaj Auto, the oﬃcial said.

While General Motors would invest around Rs 1,250 crore (Rs 12.5 billion), M&M and Bajaj Auto would spend Rs 600 crore (Rs 6 billion) and Rs 2,000 crore (Rs 20 billion) respectively. Advertisement Do you want t o discuss st ock t ips? Do you know a hot one? Join t he St ock Market Invest ment s Discussion Group To day in Business Weak monsoon no dry spell for Sensex Quiz on Finance Ministers © Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI DTC faces cold treatment content, including by framing or similar means, is expressly prohibited without Budget must address I-T anomalies the prior written consent. RIL, BP to invest Rs 800 cr in TN India, China sign MoU to set up biz park Rupee up 7 paise against dollar Sensex up over 280 points Share your comments RBI may cut interest rate by 25 bps Policy on Jun 3; Rajan meets Modi

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