Thursday, September 14, 2006

Reliance ADAG gets approval for 2,500 acres SEZ

Reliance ADAG group today received land approvals of 2,500 acres from the Uttar Pradesh government. Reliance is planning to setup a multi product SEZ comprising of Reliance Infocomm, Reliance Energy and Reliance One World.

The proposed SEZ is coming up in NOIDA. Official sources denied that the government had been partial to R-ADAG. But we won't deny it :) Reliance Infocomm & Reliance One World are in the domestic services sector and why would they need an SEZ ? What are the going to EXPORT ? Duh! Its all about Land Bank :)

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