Arshiya to develop IT/ITES Park at Panvel

Arshiya announced that the company has outlaid a plan to set up additional segment in the notified area company's FTWZ wherein it plans to develop IT/ ITES Park on an area of about 25 acres of land situated at Panvel for which it has received approval to set up the said IT/ITES SEZ from the concerned authorities.

The said 25 acres of land situated at Panvel has been notified as IT/ITES Park and on the said Land the Company plans to build a Hyperscale Data Centre Park" with a constructible area of approximately 2.5 to 3 million square feet.

Meanwhile, the company has recently entered into a Master Development Agreement (Non Binding Term Sheet) with a very large global data centre operator.

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