Mineral-based SEZ to come up in Madhya PradeshMay 2nd, 2008 - 3:14 pm ICT by admin
Bhopal, May 2 (IANS) A mineral-based special economic zone (SEZ) will soon be developed at a cost of over Rs.1.5 billion in Hargarh village in Madhya Pradesh’s Jabalpur district, official sources said. Following the union government’s approval for the project, the state’s Audyogik Vikas Kendra (Industrial Development Centre) has targeted 2011 for the development of the SEZ.
The SEZ, the foundation stone for which was laid by Chief Minister Shivraj Singh Chouhan Feb 15, will be developed over a 101-hectare area at Hargarh village, about 350 km from here.
“Once fully developed, the SEZ is expected to facilitate exports worth over Rs.6.88 billion in five years. In the first year alone, it would enable export of goods worth Rs.3.09 billion and provide employment to more than 11,000 people,” an official said.
Industrial units based on raw material found locally, including iron ore, marble and granite, would be set up at the SEZ.
Of the Rs.1.5 billion to be spent on developing the zone, over Rs.930 million would be spent on developing infrastructure.
Tags: bhopal, chief minister, foundation stone, hectare area, infrastructure, iron ore, jabalpur, kendra, madhya pradesh, marble and granite, raw material, rs 1, rs 6, special economic zone, union government, vikas