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Videocon mulls film studio at Pune SEZ
Section Investment Pune Posted on Sun Jan 14, 2007 at 08:15:07 AM EST
Videocon Industries Ltd will rope in cinema-related industry to its Pune special economic zone (SEZ). The government has recently approved the SEZ spreading over 300 acres.
Anirudh Dhoot, director of the company, said Videocon, which is promoting SEZs through Videocon Infrastructure Ltd, is looking into the feasibility of making film studios in the multi-product SEZ at Pune besides IT park and housing. But we need to check whether the government rules on SEZ permits setting up film studios and create housing," Dhoot said. While Videocon Infrastructure Ltd is planning to invest around Rs 1,000 crore for developing the SEZ, it expects to attract investment up to Rs 15,000 crore, and to create job opportunities for 50,000 people. Videocon has recently got approval of four multi-product SEZs: two each in Maharashtra (Pune and Aurangabad) and West Bengal (Kharagpur and Kalayanbhil).
For developing the SEZs in Maharashtra, the company has already formed a joint venture with Maharasatra Industrial Development Corporation (MIDC) and has floated a special purpose vehicle to this effect.
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