Ashco Industries to set up SEZ through expansion

Ashco Industries Ltd has announced that the Company is in the process of expanding its Bio-equivalence studies capacity by increasing additional 90 beds under SEZ to avail of greater economic benefits at Andheri, Mumbai,

The Company has filed application for approval of SEZ to The Development Commissioner of SEEPZ. The approval is expected by mid February 2007. The commercial production of SEZ will be commenced immediately after the approval. The profit of the SEZ will be 100% tax free from this unit. Also all Capital imports for this unit will be duty free and exempted of other taxes.

Source : Equity Bulls

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