Mundra SEZ to get fresh injection of cash

India's largest SEZ by area, the 6,400-hectare Mundra SEZ, will soon see a fresh round of investment, with as many as 21 companies committing to set up projects, the Economic Times reported.

The Adani group-owned SEZ that has come up in the barren Kutch district of Gujarat and is the leading port-led development model in the country, will soon see US$633 million coming its way even as more companies conduct viability studies.

While early entrants include Thermax, Kalyani Alstom Power and Alstom Bharat Forge Power, some 18 more companies have finalised plans and have received departmental approvals.

The Adani Group now plans to expand the SEZ to 10,000 hectares soon. MPSEZ is the largest port-based multi-product SEZ having connectivity with port, container terminals, rail and airport.

The SEZ also boasts of 64-km long private railway line connected with the national rail network.

(Source: Cargo News Asia)