The Telegraph
Since 1st March, 1999
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Majors queue up for Mumbai SEZ

Mumbai, Nov. 9: Top corporate houses of the country have shown interest in setting up the proposed special economic zone at Navi Mumbai. The expressions of interest (EoIs) for the SEZ, which were opened today, saw the who’s who of the Indian industry responding to the City & Industrial Development Corporation of Maharashtra’s (Cidco) invitation. A few foreign companies have also submitted their bids.

The local majors that have expressed interest include the Tatas through Tata Housing Development, the Reliance group through Reliance Capital, the Dhoots via their flagship company Videocon International, the Ruias through Essar Construction and Larsen & Toubro. The foreign companies in race are Meinhardt of Singapore which has exposure in civil infrastructure, transportation, oil & gas and New York-based Insignia Financial Group, which is one of United States’ leading commercial real estate service providers.

It is learnt also that The Chatterjee Group has submitted a bid for the SEZ. Cidco vice-chairman Anil Kumar Lakhina said: “Navi Mumbai SEZ with it’s rich multicultural heritage, world class infrastructure and services promises to be the gateway of Asia.”

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