Nipiam Infotech to construct IT-based SEZ in Vadodara
22 Nov '06
1 min read
An IT based Special Economic Zone (SEZ) is being constructed on 550 acres land area in Nimeta, Vadodara by Nipiam Infotech Private Limited in a joint venture with a Singapore firm.
This SEZ will include high class facilities like residential township, hospitals, schools, clubs and recreation for employees of Nipiam.
It is being considered as one of the largest projects in Vadodara, with total investment expected to reach Rs2,600 crores on its completition.
Since Vadodara is famous as a cosmopolitan city and majority of its citizens are educated, it was selected for the SEZ.
SEZ will be constructed in five phases. First phase, which is to be concluded in 18 months, comprises basic infrastructure for the IT park on 100 acres of land.
Construction of satellite residential township for employees and facilities like schools and colleges to impart education will be carried out in the second phase.
Fourth phase will include facilities like custom house, banking and ATM, warehouse and a local and international bank branch enabling foreign exchange transactions.
A textile and diamond park is to be constructed on 50 acres land area in the fifth phase, which will include an exceptional economic export promotion zone (EPZ) for diamonds and textiles.
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