08.21.06
Posted in News, investment, SEZ, Service Tax, Exemptions, Information Technology, Automobiles, Biotechnology, Pharma at 7:21 am by Mridul
Lupin planning SEZ in India for themselves
Lupin, a global market leader in API and formulations in the Pharma Industry, is planning an SEZ in Maharashtra. The initial investment would be Rs 200 crore, which may go up to anywhere between Rs 400 crore and Rs 500 crore. The company has been heard for hunting land in Maharashtra. When asked to a senior official, he said that the company is would like to set up a manufacturing plant inside the SEZ and would not sell space to others. “We propose to put up a manufacturing plant inside the SEZ, but, in no way, are we going to develop it for the use of others,” a source said.
Our Review: With more and more SEZ coming up in the India, India would definitely be the preferred commercial hub of the world. The incentives that the government is giving in the SEZ would attract the foreign investments also. With Service Sector also waiting to get the incentives, more and more service providers outside India would prefer Indian companies to provide services at low costs.
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Posted in India, investment, SEZ, Information Technology, Automobiles, Biotechnology at 6:56 am by Mridul
Mahindra & Mahindra investing Rs 1,500 cr in Maharashtra
Mahindra & Mahindra has shortlisted four states Maharashtra, Tamil Nadu, Andhra Pradesh, Uttranchal and Karnataka. The company is planning to invest Rs 1,500 crore in next 2-3 years, under its automobile, infrastructure and information technology business in Maharashtra.
The company has signed an MoU (Memorandum of Understating) with the Government of Maharashtra State for extending its Nasik facility for manufacturing its multi purpose vehicle “Ingenio”, with an investment of Rs 550 crore. The project will just double the capacity of the company. Mahindra & Mahindra has planned two SEZ in Maharashtra, one near Pune which will bring in Rs 1000 crore and a Biotech SEZ in Thane will fetch Rs 150-200 crore. The total investment would be around investment to around 1500 crore. The automotive division of M&M is also in talks with Indian Institute of Technology, Kanpur for developing a bio-diesel technolgy.
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