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Notes on tech

Notes on technology, business, enterpreneurship, economy, markets along with interesting general tidbits.

Ambani's SEZ in Navi Mumbai

4/15/2006 01:41:00 PM, posted by anand

I had earlier written about Mukesh Ambani's plan to build a Special Economic Zone (henceforth SEZ) in Navi Mumbai. Now Business Standard has some more scoop on the size, logistics and the ambition. Here are a few highlights:
  • Development of 14,000 hectares.
  • Reliance will invest Rs. 25,000 crore ($5.5 billion) to make it happen.
  • Plans to have residential complexes, amusement parks, hotels, hospitals, shopping malls, 18 hole golf course, its own airport, sea-link tranist to Mumbai, 6 lane highway connectivity to Mumbai and living conditions on par with the some of the best cities of the world.
  • The completed SEZ will require a power plant to generate over 1,000 MW of electricity and about 300 million litres of water will be required every day.
  • It will be home to a million people.
  • The development is going to happen in a phased "cluster" approach. Each cluster will comprise of 5000-7000 acres. They will develop the land, telecom, sewage, road etc for that cluster before moving on to the next one.
  • Estimated completion time for the first cluster is end of 2010.
Time will tell whether Mukesh Ambani can pull this off or not. It is by no means a small feat.
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