RIL Expects to See Modifications in SEZ Norms

May 3, 2007	(Be the first to rate this story!)  Loading ...
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Mukesh Ambani is again on a chase to seek a large size for its Special Economic Zone (SEZ). In addition to take up the issue with the Central Government, Reliance Industries Limited (RIL) will also ask the Haryana Government to bring modifications in the existing norms for the maximum area of SEZs.

The government’s decision has greatly impacted the plans of property developers who were envisaging coming up with their respective SEZ. Talking about RIL plans to construct a Rs. 40,000 crore SEZ in Gurgaon and Jhajjar over an area of 25,000 acre, it has been hanging fire ever since the norms changed.

Both the company and the Hooda Government want the SEZ to match the Shenzhen SEZ of China.

The RIL is considering developing an aerodrome and a captive power plant in its SEZ. This can prove highly beneficial for Haryana to meet its long pending demand to have an aerodrome in the outside edge of Delhi. Also, the project will certainly help the state to fight against its power crisis.

As RIL has already purchased the land in Jhajjar, it is looking forward to get the nod for development of SEZ at the earliest, hoping an intervention of the government to maintain the contiguity of the project.

RIL has purchased 1,400 acres of land in Gurgaon from Haryana Industrial and Infrastructure Development Corporation (HSIIDC) and the company has acquired nearly 8,000 acres in Jhajjar areas, located 10 to 15 km away from Gurgaon, as part of the SEZ. It just wishes to set its plans on course now.

News Published Under:   Special Economic Zones |

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