Cidco clears Mukesh Ambani's industrial city in Navi Mumbai

Ambani and Jai Corp had also planned to set up another SEZ, Mahamumbai, in Raigarh district

In its bid to revive a stalled project, the Maharashtra government-owned Cidco on Friday cleared the industrial city project in Navi Mumbai to be jointly developed by Mukesh Ambani’s personal entities, Jai Corp, Cidco and SKIL Infrastructure. The 5,300-acre project was earlier earmarked for a Special Economic Zone but failed to start due to a policy flip flop.

The project will now go to the State Cabinet for final clearance as the end use of the land is being changed from SEZ to an industrial city. Jai Corp and Ambani’s personal entities hold 48 per cent stake in the project. Cidco