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Reliance Infrastructure Limited looks at amendment for its upcoming SEZ venture

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Reliance Infrastructure Limited headed by Mukesh Ambani is on search of big plots for its upcoming SEZ projects. In the meantime, Mukesh Ambani is set to give a memorandum for the Haryana Government asking for the amendments for the Special Economic Zone (SEZ) projects.
The union government has made certain modifications on the existing SEZ norms and this has discouraged almost all the developers who were into SEZ developments. It is said by a source to the www.propertykhazana.com that India’s major realty and infrastructure player Reliance Infrastructure Limited (RIL) had planned for a SEZ at the budget of Rs. 40,000 Crores covering an area of 25,000 acres in Gurgaon and Jhajjar areas. Finally the latest amendment has put the RIL in dilemma. But the RIL and the Haryana government needs the SEZ to be similar with the China’s Shenzhen SEZ.
Further it is reported by the source at the www.propertykhazana.com that the RIL is planning to construct an Aerodrome and a power plant which will recompense power shortage as well the aerodrome to serve the ultimate purpose of the Haryana Government to have an aerodrome.
Meantime, the RIL has segregated the required land in Jhajjar and waiting for the approvals from the authorities. RIL is further seeking the support from the Hooda government for the rest of the land required and necessary approvals to begin the project. Apart from the Jhajjar land bank, RIL has brought land about 1400 acres from the Haryana Industrial and Infrastructure Development Corporation (HSIIDC), adding to the 1400 acres, RIL has reportedly acquired about 8000 acres land at Jhajjar.
Source: NIMMA BENGALURU

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