The state will see fresh investments in projects by 16-17 players.
Gujarat is likely to draw fresh investments to the tune of Rs 65,000-70,000 crore from special economic zone projects to be pumped in by about 16-17 players.
“Gujarat has the maximum number of SEZs in the country. The new investments will take the state’s tally of SEZ from about 60 currently to about 72-73,” said a senior government official familiar with the development.
The players planning to invest in the sector include the Siyaram Poddar group which is aiming to set up tyre and auto ancillary SEZ in Kutch for an estimated investment of Rs 5,000 crore, sources said.
Kalpataru group which is mainly into power transmission manufacturing is aiming to set up a multi-product SEZ near Ahmedabad. The group’s through its subsidiary Energy Link is likely to invest Rs 7,000-8,000 crore in this project, according to government sources.
The state will get its first food and agri SEZ to be set up by Akshaypatra group. The group has identified land near Kadi and aims to invest about Rs 500-700 crore, sources said.
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Meanwhile, Entrepreneurship and Management Processes International (EMPI) is planning to set up a novel SEZ in lines of global high technology innovation clusters such as the Silicon Valley in the US, Hsinchu in Taiwan, Tsukuba in Japan and Sofia Antipolis in France. The company, chaired by former vigilance commissioner N Vittal is planning to invest Rs 11,500 crore in the project for which it has identified land near Valsad.
All the players are likely to sign MoUs at the upcoming Vibrant Gujarat Global Investors Summit slated to be held on January 12-13.
An official of Sandesara group confirmed that they have got additional land clearance from the state for expansion of their Sterling SEZ in Jambusar area near Vadodara. The company will pump in an additional Rs 14,000 crore for the 9,000 hectare SEZ, touted to be the largest multi-product SEZ in the country so far. "We will sign an MoU at the Vibrant Summit," a senior official told Business Standard.
Zydus Cadila is also aiming to sign MoU for expansion of its existing pharma SEZ near Ahmedabad. The pharma major is aiming to invest Rs 500-700 crore for the expansion, sources said.
While 12 to 13 players are willing to set up new SEZs, about five players have shown interest for expansion of their current projects.