Jurong International of Singapore, the master
planner of the upcoming Mumbai Integrated Special Economic Zone project, is
planning to take 10 per cent equity stake in the project.
Financial closure of the MiSEZ project, being
developed by a consortium led by Nikhil Gandhi-promoted Sea King Infrastructure
Ltd, is likely to happen soon. Construction work is expected to begin in October
2004.
Jurong is likely to participate in more Indian
infrastructure projects in the near future.
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MiSEZ moves
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