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)