New Delhi: Ansal Properties & Infrastructure Limited,has received a formal approval from the department of commerce (SEZs), Govt. of India to develop an Engineering-based Special Economic Zone (SEZ).
The SEZ, spread over 250 acres, is coming up on the Amritsar-New Delhi Grand Trunk Road. A separate subsidiary– Ansal Kamdhenu Engineering SEZ has been set up specially for the project.
Strategically located on the northwest periphery of Delhi, the SEZ is connected well with the National Highway-1 and the proposed Kundli-Manesar-Palwal Expressway. The Rajiv Gandhi Educational University at Sonepat, spread over an area of 2,000 acres, is located in the vicinity.
Sonepat being the gateway to the major business towns of Punjab, the SEZ will attract export oriented units from Punjab. Located in the hub of manufacturing sector in North India the SEZ will meet the pent up demand of the industrial sector for space in the area.
An important factor behind the development of the Engineering-based SEZ is that the engineering industry in Sonepat contributes substantially to the total exports in the country. Given the demand for Indian engineering products in the developed and developing economies, existing units are looking at options to expand and set up new units plan.
The SEZ will have prescribed processing and non-processing zones. The non-processing zone will include residential complexes and the processing zone will house manufacturing and engineering set ups across all industry domain.