Maytas to set up three SEZs
Hyderabad based construction major, Maytas Properties, which is part of Satyam Group of companies, will be investing Rs 2,500 crore in the development of its first IT/ITes special economic zone (SEZ), which will come up at Bachupally in Hyderabad. The developer has already signed up with Wells Fargo India Solutions, a subsidiary of the US giant, as the first client for the SEZ. The SEZ, spread over 74 acres, will be a part of a 400-acre township called the Maytas Hill County. The completed SEZ will have the capacity to house 80,000 employees.
Maytas has two other SEZ projects lined up in Hyderabad. The projects would come up at Mysammaguda and Gopanpally and would be spread over 35 acres and 39 acres respectively, with a total built-up area of 9 million sq. ft.