SAIL is likely to begin the evaluation of EoIs to select developer for its
product specific SEZ for steel products near Salem in Tamil Nadu. The company
had invited EoIs in January 2010.
The SEZ to be spread over 302 acre is likely to be implemented as a JV. SAIL
is expected to hold 26 per cent of equity in the JV while the remaining is to be
held by the JV partner selected from eligible bidders.
The developer is likely to be responsible for design, financing,
construction, marketing, operations and maintenance of the SEZ.
In January 2008, the Union Government had cleared the company's proposal to
set up a SEZ in Salem.
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