News: RIL's Mumbai SEZs to bring Rs 31K cr investment
(PTI 19/02/2007) Mumbai - Reliance Industries' (RIL) two mega special economic zones (SEZ) in Navi Mumbai are likely to bring in an investment of Rs 3 lakh crore in sectors like banking, finance, pharma, auto, gem and jewellery and other non-polluting industries.
The Mumbai Special Economic Zone (MSEZ) and Navi-Mumbai Special Economic Zone (NMSEZ), being set up next to each other, will involve investments of about Rs 31,000 crore for required infrastructure for setting up industrial units in an area of 140 square kilometres.
NMSEZ is to come up as a joint venture with City and Industrial Development Corporation of Maharashtra (CIDCO) (26%) and RIL holding the rest in 4,000 hectares. The entire land for the project has already been acquired by CIDCO of which 1,600 hectares has so far been bought by RIL.
MSEZ will be set up in 10,000 hectares of land adjacent to NMSEZ, totally owned by RIL. RIL has so far bought 1,000 hectares of land for the SEZ.
Anand Jain, a close associate of Mukesh Ambani, will be the chairman for both the SEZs.
The Mumbai Special Economic Zone (MSEZ) and Navi-Mumbai Special Economic Zone (NMSEZ), being set up next to each other, will involve investments of about Rs 31,000 crore for required infrastructure for setting up industrial units in an area of 140 square kilometres.
NMSEZ is to come up as a joint venture with City and Industrial Development Corporation of Maharashtra (CIDCO) (26%) and RIL holding the rest in 4,000 hectares. The entire land for the project has already been acquired by CIDCO of which 1,600 hectares has so far been bought by RIL.
MSEZ will be set up in 10,000 hectares of land adjacent to NMSEZ, totally owned by RIL. RIL has so far bought 1,000 hectares of land for the SEZ.
Anand Jain, a close associate of Mukesh Ambani, will be the chairman for both the SEZs.
posted by InCar Group Press Room at 15:56
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