Hyderabad Gems Special Economic Zone to be operational by end 2008
22 Jun '06
1 min read
Hyderabad Gems Special Economic Zone Ltd (HGSEZ) has got final approval from Central Government.
Promoted by Gitanjali Group, the SEZ is likely to be set up at the cost of around Rs500 crore and will be operational by end 2008.
Once operational, the project will register an estimated turnover of Rs5000 crore.
Apart from regular facilities, the SEZ will also provide a diamond trading market, which will be second in the country besides Mumbai-based Bharat Diamond Bourse.
It is also the first park in the country to have integrated manufacturing as well as a trading zone.
The SEZ will feature an international trade centre; a world class convention centre plus an exhibition area.
This zone will also include a technical institute to provide trained personnel for upcoming units therein.
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