The government has granted Reliance Haryana
SEZ one year extension in validity of in-principle approval for the Jhajjar Special Economic Zone as against four years sought by the promoters.
The extension was given by an inter-ministerial Board of Approval headed by Commerce Secretary Rahul Khullar at its last meeting on March 25, an official said.
"Though the developer had sought extension of the original letter of approval to March 2015, the Board decided to extend the validity (of LOA) upto March 31, 2012," he said.
The official said while Reliance Haryana SEZ, promoted by Mukesh Ambani owned Reliance Industries, possesses more than 1,000 acres of land in the Jhajjar district in Haryana, it is not contiguous.
The project envisages setting up of the multi-product SEZ over an area of 5,000 hectares of land.
The delay in the project is on account of difficulties in acquisition of land from farmers.
This was the third extension in principle validity given to the project.
Meanwhile, the Board also gave one year extension to several other projects, including those promoted by the Unitech Group, Anant Raj Industries, Uppal IT projects and IFFCO.
Source : profit.ndtv.com