Adanis plan Rs10,000cr spend to develop Mundra SEZ

Mundra Port, billed as the largest private port, is likely to witness rapid development, thanks to the Adani group deciding to set up a special economic zone (SEZ) near it paving the way for operational synergies.

The Adani group has decided to invest around Rs 10,000 crore for the SEZ. "Mundra SEZ would provide intergrated infrastructure encompassing all infrastructure related to business, living, learning as well as recreation and other facilities to make the zone self-sufficient," S J Vijay, director of Mundra SEZ, said.

"The first phase covering 6,893 acres has already been notified by the central government, which makes it the first, large format private SEZ to be notified by the government," he added.

Mundra SEZ is developing industry-specific parks. "Common facilities required by the industries are being created by us to be provided to the end user on pay-per-use basis," Vijay said.


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel