Plastene Infra puts SEZ on fast track
Ahmedabad-based Plastene Infrastructure Ltd, a subsidiary of the Champalal Group, has put its proposed special economic zone (SEZ) at Bhachau (Kutch) on a fast track. The company has stepped up the land acquisition process for the Rs1,000 crore project and also approached the Board of Approvals for SEZs.
According to company sources, the project requires approximately 250 acres, of which about 150 acres has already been acquired. The state government had earlier cleared the proposal, which now awaits an approval from the BOA for SEZs.
The project was earlier slated to begin a year ago but was put on the backburner due to the global economic slowdown. However with the company now putting it on the fast track, the SEZ is expected to commence operations in the next couple of years.