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Madhya Pradesh Govt. signs a JV with Gwalior Agriculture Company Ltd

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As per to the sources saying @ the www.propertykhazana.com, Madhya Pradesh Government is singing up an agreement with Gwalior Agriculture Company Ltd. (GACL), a limb of Gwalior Sugar Company Ltd. (GSCL), as it has planned a special venture including SEZ with an investment of Rs. 25,000 Crores. Company is also considering tying up with the Airports Authority of India. This is an alone realty venture which offers employment to about 65,000 people, as it is proposing a township for about 250,000 people. Ventures will complete in four phases and will have amenities including navigation, air-cargo and logistics centre and agro and medical tourism.
Technical approval was given to the venture by Project Clearance and Implementation Board (PCIB). This venture will have a FDI of about Rs. 6,000-7,000 Crores and company has plans to join with Jurag International – Singapore based consultant and a Singapore airport association. Before a plan was presented to PCIB, it had 3,900 acres for SEZ and navigation and cargo centre 790 acres of urban land for township development and 4,500 acres for agriculture development. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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