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IL&FS floats bids for SEZs in Maharashtra

Feb '07
Uncertainty prevailing over Central government's policy for approval of special economic zones (SEZ), has not desisted Infrastructure Leasing and Financial Services (IL&FS) to invite bids to build four SEZ's in Maharashtra.

Maharashtra Industrial Development Corporation (MIDC) and IL&FS are collaborating to build the four SEZs.

Developers will design, finance, construct, operate and manage the four SEZs, of which three will be product specific and one a multi-product zone.

Multi-product SEZ is scheduled to come up at Amravati on 1010 hectares for which formal approval has been obtained from Central government.

Agro-processing SEZ on 200 hectares in Latur, will be developed by IL&FS with 200 mills already existing to process edible oil and pulses.

SEZ for textiles, formally approved by Central government to come up in 147 hectares near Nagpur has companies like Indo-Rama, Morarjee Mills, Fab Worth and Wool Worth.

Pharmaceuticals SEZ has been proposed at Nanded over an area of 150 hectares.

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