Delhi to set up IT, jewelry SEZ

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New Delhi: The national capital will have two Special Economic Zones (SEZs) – one for gold and jewelry and the other for information technology (IT), to be set up at a cost of Rs. 785 crore, an official said on February 14.
The facilities are expected to provide direct employment to 54,000 people and indirect employment to 162,000, Delhi State Industrial and Infrastructure Development Corp (DSIIDC) Chairman Chetan Sanghi said in a statement.
β€œThe Central government has permitted the DSIIDC to go ahead with the projects that will approximately cost Rs. 785 crore,” Sanghi added.
The proposed SEZs will be set up on over 67.4 acres in Baprola in northwest Delhi, with the gold and jewelry SEZ occupying 41.4 acres.
β€œThe land has been transferred to the DSIIDC,” the official said.
The jewelry SEZ will have a section for identification, grading and certification of diamonds and a world-class gem and jewelry training institute.
Indian branded jewelry is growing at 40 percent per year and its expected market size would be $2.28 billion by 2010.

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