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Reliance looking for Maharastra government support

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Reliance is looking at the support from the Maharashtra Govt. to assist its planned Navi Mumbai SEZ which was delayed because of the protests raised by the revenue department. As per the reported source at the www.propertykhazana.com the Venture is to be developed on a big area of 1,240 hectares, concern over the matter like shortage of exchange admission roads linking to local villages and non accessibility of water resources have shoved SEZ into midpoint. Every matter was raised by the committee which was headed by Sanjeev Behari, Commissioner of Customs and Exports. Therefore, BoA postponed its conclusion to provide a formal signal to the Reliance SEZ and the conclusion to postpone the sanction taken in meeting held on May 31st & June 5th inquiring the state Govt. and RIL to present what they have fulfilled with SEZ rules, added the source at the www.propertykhazana.com.
Maharashtra Govt. has cleared its place based on the appearance made by the State-Run City & by Industrial Development Corporation (CIDCO) which holds 26% stake in the SEZ. Per se, there are proposals to build the link roads to the exaggerated villages and the container cargo terminals in the planned SEZ. However, the water resources comprise merely ponds and the water in it is not clean and the BoA might take up the matter for last sanction in its meeting which is scheduled for June 22nd. RIL’s choice to rip the planned SEZ into four ventures to avoid the continuous matter and ritual obstruction came in fairly clever for the Maharashtra Govt. For more and latest updates on Indian realty logon to www.propertykhazana.com.
Source: NIMMA BENGALURU

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