RIL plans India's largest SEZ in JV with Haryana

In a major step towards setting up India's largest special economic zone (SEZ), Mukesh Ambani, chairman of Reliance Industries, will sign a deal on Monday with Haryana government for the project that would see an estimated total investment of Rs 1,25,000 crore over the next few years.

Ambani would fly into Chandigarh on Monday for signing the joint venture (JV) agreement with Haryana State Industrial Development Corporation (HSIDC) for the multi-product SEZ,  spread over 25,000 acres.

RIL would pump in Rs 25,000 crore in the venture and expects another Rs 1,00,000 crore investments by units located in the zone.

The company has already developed a master plan, which envisages development of a fully integrated city having an airport, rail linkages including from Delhi Metro, an international container depot and adequate supply of power, water and communication facilities, informed sources said.

The zone would be used for industrial, commercial, institutional and residential purposes. The zone is expected to generate employment for more than two lakh people and would house up to four lakh residents.

RIL plans to rope in low polluting industries with thrust on knowledge-based sectors such as pharma, electronics and telecom besides trading and services.

Industrial units would be allocated up to 25% of the total land. The commercial segment would be given an area of about 20% and residential area would be 15% of the total land area.