MP to tie up with Gwalior firm for SEZ

New Delhi/Bhopal: After a long wait of two years, the MP government has decided to join hands with Gwalior Agriculture Company Ltd (GACL), a subsidiary of Gwalior Sugar Company Ltd (GSCL), a Dabra-based firm (Dabra is 42 km south of Gwalior), which has proposed a special project comprising a special economic zone. The company may also join hands with the Airports Authority of India.
The project will be completed with an investment of Rs 20,000 crore in four phases.
The first phase will create an aviation facility, the second will have an air-cargo and logistics hub, the third will develop an industrial or agro-processing park, while the fourth phase will create a township, medical tourism, a biotech university and a leisure destination.
According to company documents, the aviation facility will have an aviation maintenance centre for India and South East Asia, a landing, parking and maintenance facility for super liners like AB-380s and Boeing 787s, parking bays for 90 aircraft, a training centre for pilots, cabin crew, simulating facility, flight catering.
The facility, according to the company, will be created by 2007-09 and cargo hub by 2009-10.
“The state government has joined hands with the company as an equity partner against a land area, which has been impounded under the Ceiling Act and a case is pending in this regard at the High Court,” said Kailash Vijayavergiya, government spokesperson and cabinet rank minister.
“The project will be a single real estate project offering employment to 60,000 people, while planning a township for 200,000 people.
02/10/08 Shashikant Trivedi/Business Standard

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Categories: New Oct 2008