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Haryana Governement Approves Ril, Dlf’s Sez |
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Reliance Industries Ltd's plans to set up special economic zones in the country received a boost with Haryana government approving the company's two zones in the state.
Haryana Investment Promotion Board (HIPB) approved RIL's two SEZs in Gurgaon and Jhajjar, which are to be set up at an area of 12,500 acres each. This decision was taken in a meeting held under the chairmanship of Haryana Chief Minister Bhupinder Singh.
RIL had earlier proposed to set up one mega multi-product SEZ spread over 25,000 acres, but had to modify its proposal after the Centre put an upper limit of 12,500 acres on such zones in the wake of protests from various quarters.
Both these projects would be set up in joint venture with Haryana State Industrial Infrastructure Development Corp (HSIIDC) which would have 10% sweat equity in the two projects.
In another decision, the Board approved a revised proposal of DLF Universal Ltd for setting up a multi-product SEZ at Gurgaon on an area of 12,500 acres. This was done keeping in view the cap of upper limit of 12,500 acres fixed by the central government. ...... |
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