Textile SEZ and real estate

摘要

Alok has promoted a wholly-owned subsidiary, Alok Infrastructure Private Limited (AIPL) for the development of a textile Special Economic Zone (SEZ) at Silvassa, spread over 183.69 acres. AIPL has obtained an 'in principle' approval from the Government of India for this purpose and the final approval is expected shortly. In addition to leasing the SEZ to outside textile units, Alok also intends to put up a part of its operations at this location. AIPL has also acquired two prime properties in Mumbai, with a total floor area of about 640,000 square feet.