ADANI GROUP INTENDS TO INCREASE AREA OF ITS SEZ IN MUNDRA [GUJARAT]
Business Standard, 21 Dec 09
Ahmedabad-based Adani Group is looking at increasing the area of its multi-product SEZ at Mundra in Kutch.
Mundra Port and Special Economic Zone Ltd (MPSEZ), the developer of the SEZ, has already approached the Board of Approval for SEZs seeking its permission for addition of land to its SEZ.
Adani Group's multi-product SEZ in Kutch is notified over 6,472.86 hectares.
The developer has requested for addition of 2008.41 hectares of land to the already notified SEZ. If the government approves the request, the area of this SEZ would be 8,481.27 hectares.
"Out of the 2,008.41 hectares the company proposes to add, it is in possession of 1,840 hectares and is also in the process of obtaining possession of balance 168.41 hectares of land shortly from the government of Gujarat," the company has communicated to the Board of Approvals. The additional area applied for notification is contiguous to the notified SEZ.
The SEZ is positioned on the west coast of India and it is ideally situated for exports to African, Middle Eastern and western countries.
Mundra Port and Special Economic Zone Ltd also manages the largest private port at Mundra in terms of cargo handling with total 36 million tonnes of cargo handled in 2008-09. It is expected to handle 44 million tonnes in the current fiscal.
The company is further developing world’s largest and fully mechanized coal import terminal at Mundra with a capacity of 50 million tonnes to cater to various power projects including the power projects being set up by Tata and Adani Group.
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