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Jurong to take up equity stake in MiSEZ

Monday, 09 Aug 2004
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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.

Related News:

Videocon exits MiSEZ project? (13-Jul-04)
MiSEZ moves further towards financial closure (17-Jun-04)

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