Mumbai-based Modern India Ltd has planned two thousand crore rupees investment plans for Rajasthan. Further, it also plans to construct a five-star hotel in Udaipur and a special economic zone (SEZ) in other parts of the state.
Vijay Kumar Jatia, Chairman and Managing Director of the company told that they have identified land for the for a five-star hotel in Udaipur. They will very soon start acquiring land for the two hundred room hotel, which would developed near a lake.”The hotel project is predicted to cost one thousand crore rupees and the company is also interested in setting up a SEZ in Rajasthan.
The company through its subsidiary, Modern India Property Developers Ltd, is already developing an electronic hardware and software SEZ on around thirty seven acres of industrial land at Khopoli in Maharashtra, strategically located on the national highway 4 with connectivity from two sides.
The nine hundred crore rupees project is scheduled to be finished in three years and is being developed through a Special Purpose Vehicle in which MIL is a major stake holder. Besides developing a hotel and SEZ the company also plans to open a jewellery training institute in Rajasthan.
Vijay Kumar Jatia, Chairman and Managing Director of the company told that they have identified land for the for a five-star hotel in Udaipur. They will very soon start acquiring land for the two hundred room hotel, which would developed near a lake.”The hotel project is predicted to cost one thousand crore rupees and the company is also interested in setting up a SEZ in Rajasthan.
The company through its subsidiary, Modern India Property Developers Ltd, is already developing an electronic hardware and software SEZ on around thirty seven acres of industrial land at Khopoli in Maharashtra, strategically located on the national highway 4 with connectivity from two sides.
The nine hundred crore rupees project is scheduled to be finished in three years and is being developed through a Special Purpose Vehicle in which MIL is a major stake holder. Besides developing a hotel and SEZ the company also plans to open a jewellery training institute in Rajasthan.