Real estate developer Ansal Properties has received a formal approval from the Department of Commerce (SEZs), Government of India, to develop in Engineering based Special Economic Zone (SEZ).

A separate subsidiary-Ansal Kamdhenu Engineering SEZ- has been set up especially for the project. The SEZ, spread over 250 acres is coming up on Amritsar-New Delhi Grand Trunk road.

The company will invest Rs 900 crore on the project. The SEZ will have the prescribed processing and non-processing zones.

The processing zone will house manufacturing and engineering set ups across all industry domains while the non-processing zones will include residential complexes.