Thursday, July 20, 2006

Reliance Plans Rs2,000 Crores IT SEZ

Reliance is planning a mega IT SEZ in Mumbai on 450 acres of land owned by Nocil, a part of the Reliance group. The company is in the process of securing necessary approvals from the Maharashtra Industrial Development Corporation to set up this project. The company is also developing its headquarters in the same area.

RIL would have to obtain a no-objection certificate from the MIDC to convert the Nocil land, which was meant for chemical production, for developing it as a dedicated IT city. Reliance is developing a special economic zone in Navi Mumbai near the Jawaharlal Nehru Port Trust. Sources said the proposed Navi Mumbai SEZ would also have IT units operated by other companies.

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