A Shenzhen plus Gatwick in Gurgaon
NEW DELHI: Reliance Industries Ltd (RIL), which signed an agreement with the Haryana government to set up Indias largest special economic zone (SEZ) in Gurgaon near Delhi, is aiming to create an ultra-modern city for technology and non-polluting industries that will be just under a quarter of Mumbais geographical size. The support facilities planned include a 1,500 hectare private airport (which could become what Gatwick is to Heathrow in London) and a 2,000 mw power plant.
The project, which will involve Rs 25,000 crore of direct investment by Reliance Haryana SEZ Pvt Ltd, is modelled on the enormously successful Shenzhen SEZ in China. While Shenzhen is housed over 32,700 hectares, the Reliance SEZ will use 10,000 hectares (100 sq km). When completed over 5-10 years, it could catalyse investments in the region of Rs 1,00,000 crore.