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HSIDC and Reliance Industries Ltd. (RIL),
the largest private sector enterprise in the country have signed a
memorandum of understanding (MoU) to set up a world class Special
Economic Zone over an area of 25,000 acres in Haryana with a capital
cost of more than Rs.25,000 crore. The MoU was signed on 12th
December ‘05 in the presence of Chief Minister Mr. Bhupinder Singh
Hooda and Chairman of RIL, Mr. Mukesh D.Ambani. While one of the
Directors of the RIL, Mr. Anand Jain signed on behalf of one of the
group companies namely Reliance Ventures Ltd., the Managing Director
of HSIDC, Mr. Rajeev Arora signed on behalf of the the Corporation.
The Reliance Industries has already incorporated a company by the
name of Reliance Haryana SEZ Pvt. Ltd. to set up a multi product SEZ
as to open new avenues for investment and attract foreign investment
in Haryana. The SEZ would be on a scale of standards consistent with
the international norms for which a location selection study would
be conducted to select a contiguous area of about 25,000 acres in
the State. The HSIDC will constitute a committee to conduct the
location selection study so as to evaluate all aspects of setting up
the SEZ. The study would keep in mind the contiguity of the area and
connectivity of the SEZ location to rail network, roads, expressways
and international airport. more..... |
