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RIL gets its hands on 13,000 acre for its Jhajjar SEZ

Friday, 03 Oct 2008
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Reliance Industries (RIL) has completed the acquisition of more than 13,000 acre for its SEZ project at Jhajjar, Haryana. The Jhajjar project, called Reliance Haryana SEZ, is a JV between RIL and Haryana State Industrial Development Corporation (HSIDC).

The company is trying to solve the issue of the 12,500 acre upper cap that the government had imposed on SEZs last year. Though RIL has acquired land more than what is required for its multiproduct SEZ, the acquired land is not in contiguity. As per RIL's initial agreement with HSDIC, RIL will get 25 per cent land from the corporation only when it acquires its 75 per cent share of land. RIL aims to complete the acquisition of 17,500 acre in the next couple of months. Then the company will ask HSIDC to acquire the remaining 7,500 acre in patches, where the company has not been successful in getting land directly from farmers. This will solve the problem of contiguity.

Also See:

RIL finalises Jamnagar for Fab City project

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