Welspun obtains approval for Gujarat's first textile SEZ

Friday, September 22, 2006, 19:35 [IST]

Mumbai, Sep 22 (UNI) The Board of Approvals, Ministry of Commerce, gave its nod to Welspun Anjar SEZ Ltd, Gujarat's first Textile SEZ, in Kutch, Gujarat.

The SEZ, which will span over 750 acres, will be strategically located near Mundra/Kandla ports in Gujarat. The investment outlay shall be to the tune of Rs 750 crore, an official release here today said.

The SEZ is expected to attract investment of Rs 2,000 crore and will generate employment for 15,000 people. It will also provide boost to ancillary industries and will contribute to the overall socio economic development of the region.

The first phase of the SEZ is expected to be operational within one year. The SEZ will be equipped with state of art infrastructure and utilities tailor made for textile industries. It will also house schools, crhches, hospitals and other necessary supporting amenities.

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