IL&FS invites bids for four SEZs in Maharashtra

NEW DELHI: Infrastructure Leasing and Financial Services (IL&FS) on Wednesday invited bids from developers to build four Special Economic Zones in Maharashtra despite uncertainty on the Centre's policy for fresh approvals.

The IL&FS has joined hands with Maharashtra Industrial Development Corporation (MIDC) for implementing four SEZs in the state through the Public-Private-Partnership model.

Developers would be required to design, finance, construct, operate and manage the SEZs.

Of the four SEZs, three would be product specific and one a multi-product zone. The multi-product SEZ would come up at Amravati on 1010 hectares for which the promoters have obtained formal approval from the Centre.

IL&FS would be developing the agro-processing SEZ on 200 hectares in Latur, an area which already has 200 mills for processing edible oil and pulses. The zone has been notified.

Another SEZ for textiles would be coming up near Nagpur where companies like Indo-Rama, Morarjee Mills, Fab Worth and Wool Worth are functional. The SEZ, spread over 147 hectares, has been given formal approval by the Centre.

A specialised SEZ on pharmaceuticals has been proposed at Nanded over an area of 150 hectares. It would house companies engaged in manufacture of bulk drugs, intermediaries and formulations.