Mumbai-based Gremach Infrastructure Equipment & Project Ltd has floated four projects in Madhya Pradesh with a combined investment of Rs 800 crore. |
The company has shown interest in the state in a multi-product special economic zone (SEZ) in Indore, a cargo hub near Bhopal airport, the development of a convention centre, and an IT SEZ. |
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The state Project Implementation and Clearance Board has considered the project and has sought more details from the firm. |
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"They have expressed interest in developing a multi-product SEZ in Indore, but we have advised them to bid for the existing SEZ. As regards the IT SEZ, the company has been granted an in-principle approval to go ahead with the project. They have asked for 50 acres in Bhopal for the purpose," a senior government official told Business Standard. Gremach will invest Rs 200 crore in the IT SEZ. |
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The company, according to the official, has also been advised to bid for India Trade Promotion Organization, which will develop a convention centre in Bhopal by converting (Minto Hall) the old Legislative Assembly House in Madhya Pradesh. |
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It has expressed interest in investing Rs 200 crore developing a cargo hub near Bhopal airport, said the official adding, "They have demanded a land area of 250 acres near airport. The requisite land will be available to them. |
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