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MMTC scouting for SEZ partners

MMTC scouting for SEZ partners
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First Published: Tue, Aug 05 2008. 06 47 PM IST
Updated: Tue, Aug 05 2008. 06 47 PM IST
PTI
New Delhi: State-run MMTC Ltd is scouting for strategic partners for its proposed special economic zones which will house gems and jewellery and agro-based units.
The trading giant with an annual turnover of Rs26,000 crore will promote the SEZs through a joint venture with the strategic partners, MMTC has said in its offer document for seeking suitors.
The company is looking for partners which would develop, finance, construct, operate and maintain the tax-free zones.
Being the largest importer of gold, MMTC has emerged as India’s leading player in the gems and jewellery segment.
There could be more than one partner for the SEZ project, the company indicated. The partner, with a net worth of over Rs 100 crore, could be an Indian or overseas firm but must have experience in setting up such zones.
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First Published: Tue, Aug 05 2008. 06 47 PM IST