Kolkata: City-based P S Group today said it plans to build four SEZs across the country at an estimated investment of Rs 11,000 crore over the next three to four years.

"We have planned three services SEZs in Jaipur, Raipur and Kolkata and an IT SEZ at Chandigarh, all of which would be environment friendly," P S Group Chairman and Managing Director Pradip Chopra said here. "Each services SEZs will require investment of Rs 3,500 crore while the IT SEZ at Chandigarh will need about Rs 300 crore," he said, while announcing the project for developing PS Srijan Tech Park here which will meet green building norms.

The group signed a memorandum of understanding with a Singapore-based investor for FDI in these projects to the tune of 75 per cent as permitted by the government, Chopra said. "Funds will not be a problem for the projects. Beside FDI tie up, we are also planning to tap the capital market over the next one year," the group head said.

The company has received in-principal approval from the Rajasthan government for the Jaipur SEZ and applications for the other two have been submitted with the respective state governments.

Each of the services SEZs would be built over an area of between 250 and 400 acres.

For the Kolkata SEZ project the company has started acquiring land on the outskirts of Rajarhat Phase III.

The IT SEZs will have service sectors like IT, ITeS, KPO, medical, legal outsourcing, international trading, offshore banking and education.

The government has allowed a total of 105 services in the SEZs.

Source : PTI