Business Daily from THE HINDU group of publications
Friday, Dec 15, 2006

Cross Currency

Group Sites

Corporate - Outlook
Industry & Economy - Infrastructure
States - Karnataka
Century Building plans to set up SEZ

Our Bureau

Bangalore , Dec. 14

The city-based Century Building Industries Pvt Ltd has charted out a plan to set up a special economic zone (SEZ) for facilitating the establishment of educational, health and hospitality infrastructure.

The SEZ would also have a foreign investor as partner. The SEZ, planned on an 2,500-acre land, will come up near the proposed Bangalore International Airport, off Devanahalli Road.

Mr P. Dayananda Pai, Managing Director, said apart from the SEZ, Century was currently developing more than five million sq ft for various facilities, which includes townships, malls, commercial and residential complexes in the city, in association with several local builders.

The company envisages an estimated investment of more than Rs 2,000 crore for the projects over two to three years. Century would be mobilising the funds from its internal resources and debt, said Mr Pai.

Mr Pai said in the SEZ, while some of the projects such as the university and hospitality would be set up in association with Manipal Group, for others the company would be tapping investors in different sectors such as IT and garments. He said Century was in talks for FDI in the SEZ. Mr Pai said the Century group was also engaged in developing hotels with a 75-room new three-star hotel planned in the city.

More Stories on : Outlook | Infrastructure | Real Estate & Construction | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Elder Pharma to market Roche drug

L&T bags $86-m China orders
Coal India may opt for re-categorising of consumers
Infosys unveils new HR practices
Punj Lloyd sets up engineering services outsourcing company
Willis BA India sets up M&A unit
Petronet stake for Qatar: `Due diligence completed'
Tata Motors, Fiat to invest Rs 4,000 cr in new facility
Rama Pulp plans expansion
Gupta Syn to set up new unit
JB Chem pact with S. African co
Ranbaxy gets US nod to make, market Cefprozil
ONGC confident of Shell role in Kalol project
Century Building plans to set up SEZ
Panna-Mukta-Tapti joint venture plans contract with Gujarat Gas
Parsvnath to construct 14 hotels

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line