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The Special Economic Zones (SEZs) promoted by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO) is to be set up over a total area of 4377 hectares at an estimated cost of Rs.6359 crore. Approval was given on 15/2/2002 to the Government of Maharashtra for setting up an SEZ at Dronagiri at Navi Mumbai on the basis of the proposal received from them.
CIDCO has since finalized a preferred bidder for the project and the financial closure is now expected to be achieved by June 2005. This was stated by Shri EVKS Elangovan, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.
SB/MRS
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