Parsvnath SEZ Ltd. appoints three independent directors

Parsvnath Developers Limited is one of the leading real estate companies in India. The Parsvnath Group has a diverse business portfolio of commercial complexes, shopping malls, integrated townships and group housing. Besides strengthening its position in core operations of real estate, Parsvnath Developers is striving to bradbase its product offerings by catering to emerging markets and segments

Parsvnath SEZ Ltd. plans to develop 17 SEZ, having a total saleable area of 367 million sq ft, in various segments like pharma, gems and jewellery, IT/ITES, biotech, handicrafts, leather, food processing and automotive sectors apart from multi-product SEZs. Out of the planned SEZs, four have already been notified by the Centre at Indore, Gurgaon, Dehra Dun and Nanded. Parsvnath Developers has appointed R J Kamath, D N Davar and B K Goswami as independent directors of Parsvnath SEZ Ltd.

D N Davar is a Certified Associate of the Indian Institute of Bankers and a fellow of the Economic Development Institute of the World Bank. He was also the former Chairman of IFCI Ltd, the company said in a statement.

B K Goswami, prior to joining Parsvnath has worked at apex levels with the Centre, state governments and several other government undertakings, it added.

R J Kamath, is former Chairman of the Andhra Bank and Canara Bank.