Chandigarh, November 20, 2007: The Haryana Investment Promotion Board headed by Chief Minister Bhupinder Singh Hooda on Tuesday approved establishment of two Special Economic Zones — one in Gurgaon and the other in Jhajjar by Reliance Haryana SEZ.
Mr. Hooda said these projects would be set up as a joint venture with Haryana State Industrial Infrastructure Development Corporation which would have 10 per cent sweat equity in each of them.
Each of these projects would be set up on an area of 12,500 acres. The Board also revised the approval for setting up a multi-product SEZ at Gurgaon by DLF Universal Limited on an area of 12,500 acres.
This was done keeping in view the cap of upper limit of area fixed by the Union Government for setting up an SEZ.
The Board also reviewed the progress of the European Technology Park to be set up by the Dutch Haryana Business Consortium at Manger village in Faridabad.
The project is to be set up as a joint venture with HSIIDC with an investment of Rs.1,448 crores.
Source: The Hindu
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