Raheja’s new IT SEZ in Vizag gets Board of Approvals nod
01 Feb 2021
The Board of Approvals, the highest body for approval of Special Economic Zones in the country, has approved the setting up of a new IT/ITES SEZ, Sustain Properties, at Raidurg village in Ranga Reddy district of Telangana in an area of 1.466 hectare. Under the proposal submitted by the developer, the investment in the project will be Rs.8,255.3 mn. The developer will finance its investment as equity capital and as term loan. The SEZ will generate employment for 17,500 people (direct and indirect). The developer of the SEZ, K Raheja Corp, proposes to invest Rs.8,255.3 mn over the next five years.
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