An MoU for the SEZ, which will have an initial investment of Rs 1,000 crore, will be signed today, a Videocon official said.
The SEZ, which will be spread across 3,000-5,000 acres, will generate employment for over 40,000 people, he added.
The SEZ will be a joint venture between Maharashtra Industrial Development Corporation (MIDC) and Videocon, and a special purpose vehicle has been floated for the project, the official said.
