IL&FS invites bids for four SEZs in Maharashtra

08 February 2007

Mumbai: Infrastructure Leasing and Financial Services (IL&FS) has invited bids from developers to build four special economic zones in Maharashtra. IL&FS will develop the SEZs jointly with the Maharashtra Industrial Development Corporation (MIDC) through the public-private-partnership model.

Of the four SEZs, three would be product specific and one a multi-product zone. The product specific zones include an agro-processing SEZ on 200 hectares in Latur, an area which already has 200 mills for processing edible oil and pulses. The zone has been notified.

Another SEZ for textiles would be set up near Nagpur where companies like Indo-Rama, Morarjee Mills, Fab Worth and Wool Worth are already operating. The SEZ, spread over 147 hectares, has been given formal approval by the centre.

IL&FS has proposed to set up a specialised SEZ for pharmaceuticals at Nanded over an area of 150 hectares. It would house companies manufacturing of bulk drugs, intermediaries and formulations.

The multi-product SEZ would come up at Amravati on 1,010 hectares for which the promoters have obtained formal approval from the Centre.

Developers would be required to design, finance, construct, operate and manage the SEZs. IL&FS is moving ahead with the SEZ development plans despite uncertainty on the centre's policy for fresh approvals.