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May 08, 2006

Reliance's SEZ plans

Businessworld has an article on Reliance Industries' plans to build four cities modelled on the special economic zones in China.

Mukesh Ambani is betting big. The investment in this project could well be more than the Rs 73,000-crore annual revenues of his flagship petrochemicals company, if one goes by the Rs 25,000-crore investment, both in the form of debt and equity, planned over a decade in just Navi and Maha Mumbai.

On the ground, this would mean four new mini-cities or large satellite townships with world-class infrastructure, built close to airports and national highways. The attraction for buyers would be the relatively lower rates — it entails potential investment of less than half the real estate costs of central business districts and upscale residential areas of bustling Indian cities.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.