Dishman Pharmaceuticals group company obtains approval for SEZ

Dishman Pharmaceuticals & Chemicals Ltd has announced that Dishman Infrastructure Ltd., a Company promoted by the Company, has obtained "in principle" approvals from the Board of Approvals, Ministry of Commerce and Industry, Government of India for setting up of one Engineering SEZ and one Pharmaceuticals and Fine Chemicals SEZ in Gujarat. The total investment will be around Rs 650 crores for both the SEZs, to be made over next three to five years and will be funded through a combination of Debt / Equity and internal accruals in the said Company. A significant portion of the processing area of the Pharmaceuticals and Fine Chemicals SEZ is likely to be used by the Company for its own organic growth plans for the next five years and also to form joint ventures with its existing and potential customers from Europe and USA.

Source : Equity Bulls

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