| Mahindras sign deal for 3,000 acre SEZ near Pune |
| Our Regional Bureau / Mumbai March 25, 2006 |
| Zone expects to attract Rs 9,000 cr investment, create 75,000 jobs. The Mahindra group today signed an agreement with the Maharashtra government to invest Rs 2000 crore to develop a 3,000-acre special economic zone at Karla, near Pune. The SEZ will be developed as a joint venture with the Maharashtra Industrial Development Corporation (MIDC), and is expected to be fully operational in five years. The MIDC would pick up a 26 per cent equity stake in the project, a state government official told Business Standard. He said the government |
