MP to set up 3 IT SEZs

MP to set up 3 IT SEZs
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First Published: Sun, Jul 29 2007. 12 37 PM IST
Updated: Sun, Jul 29 2007. 12 37 PM IST
PTI
New Delhi: Madhya Pradesh Government has announced plans to set up three information technology SEZs in Bhopal, Gwalior and Jabalpur in partnership with the private sector involving an investment of Rs 2,550 crore.
The state government, which is implementing the SEZ projects through the Madhya Pradesh State Electronics Development Corporation, has already received approval from the Centre.
“The MPSEDC has invited expressions of interest from private developers who would be given a majority stake in the special purpose vehicles for these SEZs,” an official said.
The IT-SEZ in Bhopal would come up on a 180-acre plot with an investment of Rs 1,500 crore, while the 40-acre Gwalior project is slated to cost Rs 350 crore. The estimated cost of the 90-acre SEZ in Jabalpur is about Rs 750 crore.
The state government is expected to soon get clearance from the Ministry of Environment and Forests after which the projects will take off. This would be in line with the Madhya Pradesh government’s intention to develop the IT sector in the state and to seek investments from IT majors in a host of software and IT-enabled services.
The BJP ruled state is also keen on promoting SEZs and has so far remained free from any opposition against these zones. About 14 SEZ projects have been approved in the state.
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First Published: Sun, Jul 29 2007. 12 37 PM IST
More Topics: IT SEZ | MP | Bhopal | Gwalior | Jabalpur |