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Arthur Andersen appointed consultant for Navi Mumbai SEZ

Wednesday, 15 Aug 2001
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City & Industrial Development Corporation of Maharashtra (CIDCO) has appointed Arthur Andersen as consultant for preparing a bidding methodology and business plan to find a strategic partner for setting up the Navi Mumbai special economic zone (SEZ). The SEZ, which would entail an investment of Rs.2,200 crore in the first phase, would be spread over 4,377 hectares of land. The SEZ is expected to invite foreign direct investment to the tune of $15 billion over a period of 8-10 years.


Arthur Andersen has formed a consortium with Crisil and Chesterton Meghraj Property Consultants for this purpose. The consultants would be required to submit their findings by 15 October 2001.


The consultants’ job would include analysing the demand for SEZs in India and the Asia Pacific region, major issues faced by SEZs in India and the nature of competition that the Navi Mumbai SEZ may face from other SEZs. The consultants would also be required to prepare a 10-year business plan for the SEZ and implementation strategy for various phases of the project. Further, the consultants would also have to develop a financing plan for the project.


Meanwhile, in a related development, CIDCO has invited expressions of interest from international urban planners to prepare a Master Plan for the Zone.


For details, kindly visit CIDCO’s site :

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