JB SEZ is setting up a pharma SEZ at Panoli in Gujarat.
The company is JV between HBS Realtors and the JB Mody Group. Both the
partners hold 35 per cent equity each in the JV company. The remaining 30 per
cent equity is held by IL&FS India Realty Fund.
The proposed SEZ is being set up on 312 acre at a cost of Rs 1,660 crore. The
SEZ is slated to be ready by March 2012. Of the total cost, Rs 160 crore is to
be utilised towards development of roads and other infrastructure. The remaining
Rs 1,000 crore will be for other facilities such as power, water, effluent
treatment plant etc.
The project will be financed through a combination of models, depending on
the facilities that were being installed, besides debt financing.
Related Links:
Project profile