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Videocon out of MiSEZ project

Tuesday, 13 Jul 2004
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The Videocon group has reportedly exited the Rs.5,000 crore Mumbai Intergrated SEZ project. The group has reportedly communicated this decision to the government of Maharashtra that is also a stakeholder in the project.

The MiSEZ project that is the merged incarnation of Cidco's Navi Mumbai SEZ and Sea King Infrastructure's Maha Mumbai SEZ is being developed by a consortium comprising Sea King Infrastructure, the Hiranandani group and the Avinash Bhosale Infrastructure group.

The much delayed project is approaching financial closure with lending institutions sanctioning Rs.750 crore earlier in June 2004.

Related News:

MiSEZ gets Rs.750 crore loan (17-Jun-04)

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