THREE SEZS, ONE AIRPORT TO COME UP IN MAHARASHTRA
Maharashtra Industrial Development Corporation (MIDC) on Thursday signed four agreements with Infrastructure Development Finance Company Ltd (IDFC) and Feedback Ventures for developing three Special Economic Zones and one airport in the State.
Of the three SEZs, two are special SEZs that will only produce power and supply to other SEZs in the State. The power SEZs are coming up at Usar in Raigad district with a capacity of 250 megawatts and Bhadrawati in Chandrapur district with a capacity of 1,000 megawatts. At Kagal in Kolhapur, a textile SEZ is being planned, while the proposed new airport will come up at Sindhudurg.
The four ventures will be developed under India Infrastructure Initiative, which is being jointly promoted by IDFC and Feedback Ventures. The Initiative will undertake project preparation and partner selection for four projects, which would develop as public private partnership. IDFC holds 20 percent stake in Feedback Ventures.
The Usar SEZ, which will be located about 12 km from Alibag in Raigad, will come up on 103 hectare area and is expected to attract investment of Rs 1,000 crore. The Bhadrawati SEZ, located 26 km from Chandrapur, will come up on 1,100 hectares and is expected to attract investment of Rs 4,000 crore. The textile SEZ will come up on 104 hectares at Kagal in Kolhapur, well-known textile centre of the State. It is expected to attract Rs 230 crore of investment.
The airport at Sindhudurg is being developed in order to attract tourists. The area is scenic and there are beaches similar to Goa. The airport will be located 25 km from Kudal city and will come up on 306 hectares. The project is expected to attract Rs 507 crore of investment.