Business Standard

Crystal IT park goes to Zoom Developers

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Shashikant Trivedi New Delhi/ Bhopal

Eventually the controversial Crystal IT Park has a taker. The MP government today, in a cabinet meeting, cleared the single bid of Bombay-based Zoom Developers as a co-developer of the IT park at Rs 104 crore after making three futile attempts during the last two years. Zoom Developers has been qualified for technical bid as co-developer, the Crystal IT Park has not attracted any investor since 2003.

“Normally a single bidder is not accepted but we floated tender thrice for developing the IT park,” government spokesperson and cabinet rank minister Kailash Vijayvergiya said.

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First Published: Oct 01 2008 | 12:00 AM IST

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