The Pune based Vascon Engineers has put its IT/ITeS SEZ plan at Sanathal
village in Ahmedabad (Gujarat) on hold indefinitely owing to slump in demand for
IT space.
The Rs 350 crore project announced in 2008 was to be developed jointly by
Vascon and Agrawal Estate Organisers, Gujarat, and Pristine Properties, Pune.
The companies had acquired 26 acre for the project which was to be developed in
a period of four years.
Apart from Vascon, DLF has also scrapped its SEZ plans in Gujarat.
Also See:
Vascon
Engineers chalks out expansion plans (28-Nov-08)