According to newsreports, The Central Govt has okayed an SEZ at Nagpur. This is said to boost the prospects for the aviation hub being planned around the SEZ. The nationalised banks have kicked in with an aggregate of Rs 300 crores in loans for land acquisition and infrastructure development at the hub. The loans are being extended by mortgaging the acquired land and no government guarantee is needed. Three prominent IT companies -- Satyam, LT Info (sic) and Patni Computers -- "have initially shown interest in setting up their projects at the IT park". The SEZ will materialise when the state government fulfills the applicable conditions, in the stipulated one year time span.
