Unitech Limited JV to develop SEZ in West Bengal
Vikas Rikhye,Real Estate Blogger,Real Estate Promoter and Realtor
On 15th Feburary the Government of West Bengal has given possession of 12500 Acres of land (at Nayachar Island) to developer PCR chemical for developing Chemical SEZ
According to sources,PCR Chemicals Pvt Ltd is a joint venture between New Kolkata International Development (NKID) Pvt Ltd and West Bengal Industrial Development Corporation in which the former holds 51% and the latter 49%.
The New Kolkata International Development (NKID) is a consortium between Unitech (40%), Salim Group of Indonesia (40%) and Universal Success of Indonesia (20%). It entered into a development agreement with West Bengal Government for development of mega infrastructure in the State of West Bengal.
Thus it gives a dominating edge to Unitech and the news resulted a positive boost to Unitech in BSE
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