SEZs on hold, millions to behold

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In West Bengal, the Salim Group will develop the SEZ and also build a 100 km six-lane expressway bypassing Kolkata and the new township at Rajarhat & Salt Lake.

Reliance Industries announced an investment of Rs.670 billion in the Jamnagar SEZ where Chevron is a partner, and another Rs.400 billion to set up the SEZ on 25,000 acres of land between Gurgaon and Jhajjar, near Delhi. The Adani group plans to pump in Rs.250 billion in ports and SEZs. DLF plans SEZs at Ambala (2,500 acres) and Gurgaon (19,880 acres); it is investing Rs.8 billion in a 1,100 acre SEZ in Amritsar. Unitech has obtained clearance for a Rs.100 billion, 20,000-acre SEZ in Haryana and the Ansals have joined hands with the housing finance major, HDFC, for developing a Rs.10 billion IT SEZ in Noida (NCR).

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Source : IIPM Editorial, 2007

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