Arshiya plans For IT/ITES park in Maharashtra

Arshiya Ltd has announced that it 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.

The company has taken this decision in the era of growing demand for Internet services, the social-media explosion and constant collection of big data.

Arshiya has received approval to set up the said IT/ITES SEZ from the authorities concerned. 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.

Arshiya Ltd has recently entered into a Master Development Agreement (Non-Binding term sheet) with a very large global Data Centre operator.

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