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RIL to rope in private partner for Haryana SEZ

Project Today reported that Reliance Industries Ltd is planning to rope in a strategic partner for its INR 40,000 crore SEZ project in Haryana.

The private sector partner is likely to provide capital support to the project and will add to the viability of the project, as the global financial meltdown is making it hard for RIL to go on with the project at Jhajjar and Gurgaon.

The SEZ project is to be developed over 25,000 acre which will comprise of a cargo airport and a 2,000 MW power plant. So far, RIL has invested INR 3,000 crore in the project and acquired around 8,000 acre. The Haryana State Industrial and Infrastructure Development Corporation has a 10% stake in the venture.

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