Financial Daily from THE HINDU group of publications
Tuesday, Feb 28, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Infrastructure
States - Karnataka


KCCI to identify developers for multi-product component in SEZ

Our Bureau

Since IL&FS Ltd has handled other SEZs in the country, it will be in a position to identify suitable developers for multi-product component in the SEZ.

Mangalore , Feb. 27

The Kanara Chamber of Commerce and Industry (KCCI) — one of the stakeholders in the Mangalore Special Economic Zone (SEZ) Ltd — is hopeful of attracting developers for the general-purpose multi-product component in SEZ.

Announcing the formation of Mangalore SEZ Ltd — a company formed for the implementation of SEZ in Mangalore — at a press conference here on Monday, Mr A. Srinivasa Rao, KCCI President, said that Oil and Natural Gas Corporation (ONGC) Ltd and its subsidiary, Mangalore Refinery & Petrochemicals Ltd (MRPL), have envisaged a total investment of around Rs 35,000 crore in various petrochemical-related projects in Mangalore SEZ Ltd. ONGC is the anchor investor and co-promoter of this SEZ.

He said that KCCI and Infrastructure Leasing and Financial Services (IL&FS) Ltd — who together hold 51per cent equity in Mangalore SEZ Ltd — would now look for developers for multi-product component within Mangalore SEZ.

"IL&FS Ltd will do due diligence in this regard. Since IL&FS Ltd has handled other SEZs in the country, it will be in a position to identify suitable developers for multi-product component in the SEZ," he said. A private sector shipbuilding company has shown interest to join the company as a developer, he said. It may be mentioned here that ONGC-MRPL, which is the anchor investor in the company, will invest in petrochemical projects in around 2,450 acres of land in SEZ. More than 400 acres of the remaining land will be available for the development of general-purpose multi-product component in SEZ.

Basic infrastructure

Mr Rao said that Mangalore SEZ Ltd would now have to look at parallel processing activities for the development of basic infrastructure at SEZ site.

Stating that around 20 MGD of water is required for the SEZ, he said a technical feasibility study has already been in this regard. According to the study, water required for the SEZ could be pumped from the rivers such as the Netravati, the Gurpur and the Pavanje in Dakshina Kannada district.

In this regard, a meeting will be held with the officials of the Water Department soon.

More Stories on : Infrastructure | Industry Associations | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Economic Survey proposes reforms in tax system
Pegs growth rate at 8.1 per cent; cites crude prices as a risk factor


Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'

`Rapid, bold policy responses needed to manage oil crisis'
Petro-product pricing crucial to fiscal health

`Follow China model on labour market'
Revisit costs incurred on anti-poverty schemes

Delhi, Mumbai airports revamp to begin mid-year
`In-principle' decision on Chennai airport revamp taken

Textile sector registers `moderate' export growth
Lags behind China in tapping free quota regime

Govt told to clarify rationale for postal subsidy
`Auto exports stay untapped'
Need for reforming labour laws stressed
Learn lessons from the Chinese model, says Survey

Govt sure of reining in inflation at 5 pc
Urban infrastructure: Call for user-charge approach
Smaller cities find the going tough due to financial crunch

Broadband is the next frontier
All States told to implement VAT
Contracts for stretches under NHDP to be awarded soon
India Inc says it's pragmatic
How critical is rural employment?
To bridge urban-rural divide

Automotive testing unit in Assam launched — Facilities to be used for N-E
Cartoon
JK Cement fixes IPO price at Rs 148
Food subsidy growth seen at 1.55 pc
Fertiliser subsidy to exceed Budget estimates
Total subsidy may cross Rs 24,000 crore

`Growth outlook bright'
Core sector growth slows to 3.3% in Jan
India Inc positive on growth: Survey
EU move to boost carbon trading — All flights must buy credits to offset GHC emissions
Indo-Arab meet begins — IT, medical tourism, bio-tech thrust areas
Three more Bio-safety Level 3 labs
Will Budget bring relief to cancer, AIDS patients?
Reconsider airport update plans: Panel
KCCI to identify developers for multi-product component in SEZ
Panel to decide on gas transmission tariff of GAIL
Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate

High credit rating for ONGC bonds
CDC supplies diagnostic reagents for bird flu investigation
Pharma industry clocks healthy growth
Leverage strengths in organic synthesis, process engineering

NPPA recovers Rs 99 cr from drug cos
Concern over power sector
`Electricity to all houses'
Sponge iron issues
Misplaced optimism?
Sugar output figures

Will Budget dilute FBT provisions, usher in EET?
Lower level of peak customs duty, rationalisation of duties for petroleum industry likely

Cotton growers worried over likely duty cut
Textile industry seeks special rules of origin provisions
NTPC plans joint venture with Coal India
AC to beat bird flu?
Food processing: Govt bid to woo big biz houses
Foundation stone laid for three RPG group projects
Goenkas tie-up with Godrej Group for shopping arcade

IT cos seek tax reliefs
MAIT wants excise anamolies removed

Coimbatore textile fair to feature `China Pavilion'
Over 300 companies covering all segments will be participating

Biotech industry seeks extension of deductions
A touch of glass
Exim Bank to invest $7 m in animated feature film
Rich Crest-Lions Gate's production

Women managers' meet on March 8
Theme inspired by Kalam's vision

`Core sector can absorb $150 b FDI'
ICRISAT partners CII in rural growth plan
TRAI says `end differential tariff'
Goan assessees for changes in I-T Act
I-T Dept to step up vigil against tax offenders



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line