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| Mumbai SEZ hopes to complete land acquisition by next year |
| Press Trust Of India / New Delhi Aug 26, 2008, 00:12 IST |
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The Mumbai SEZ, promoted by Jai Corp, expects to complete the land acquisition by next year.
“Currently, the land acquisition for the SEZ is in the process and is expected to be completed by next year,” Jai Corp said in its latest annual report.
Mumbai SEZ received the in-principle approval from the Union Commerce Ministry for the development of a 5,000-hectare SEZ at Khopta in Maharashtra.
Jai Corp is also a stakeholder in the Navi Mumbai SEZ (NMSEZ). The total size of the NMSEZ is 5,289 acres and would be developed for various sectors with half the area reserved as a processing zone.
Navi Mumbai SEZ will cater to industries such as IT, ITeS, diamond processing, fashion designing, animation, multimedia and film processing, it said.
“All SEZs will be fully integrated with world class amenities, logistics support, infrastructure and connectivity thus making them an extremely attractive destination for industries, services and other sectors,” the report said.
With convenient rail, sea, road and air linkages, these SEZs are well-placed to create high standards of transshipment hub in Navi Mumbai, it said. In all, 404 SEZs were formally approved and 168 received in-principle approval by the Government till the end of 2007.
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