Embassy Group to co-develop SEZ in Chennai

Property developer Embassy Group has emerged as the exclusive co-developer for setting up a 30-acre special economic zone to come up in the city, the company said today.
The project, a 30-acre SEZ property, on Thoraipakkam Pallavaram Radial Road in Chennai would be known as "Embassy Splendid TechZone", it said.
The first phase of the project is expected to be completed by 2019.
"Embassy Group has received approval from the Board of Approval to act as exclusive co-developer for the Notified SEZ at Chennai previously known as SNP Infrastructure Pvt Ltd", a company statement said.
"We are excited to move ahead with this new partnership and add it to our existing multi-SEZ portfolio. With this, we plan to strengthen our foothold in Chennai.", Embassy Group, Chairman and Managing Director, Jitu Virwani said.

"We share great synergy with SNP Infrastructure and look forward to have a long-standing relationship with them," he said.