The government may finally be preparing to draw the curtains on eight long-pending special economic zone proposals by Navi Mumbai SEZ Pvt Ltd — promoted by Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani and his associate Anand Jain —, but the developer is not yet ready to call it quits.
OPaL, a joint venture company promoted by ONGC, GAIL, and GSPC, is the single largest petrochemical plant in the country that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually.
India’s largest petrochemical plant, built by ONGC Petro Additions Ltd (OPaL) at a cost of Rs 30,000 crore, at Dahej Special Economic Zone (SEZ) was dedicated to the nation by Prime Minister Narendra Modi on Tuesday.
During the last three years and the current fiscal up to January, the commerce ministry has granted more time to as many as 143 developers of SEZ to complete their projects
Government is planning to establish reverse Special Economic Zones (SEZs) in Mozambique, primarily for the pharmaceutical