Tata Realty & Infrastructure (TRIL), Tata Group’s real estate and infrastructure development arm, has hired Singapore-based Jurong International as the master planner for its special economic zone (SEZ) project in Gopalpur (Orissa). “We have shortlisted Jurong for this important project,” said a Tata group official. Jurong offers design and build, consultancy, construction, and facilities management services and its India office is located in Hyderabad. The multi-product SEZ, with all infrastructure facilities and required amenities, will cost the group nearly $ 1billion.So far, Jurong has done master plans for 380,000 hectares, 10 million square meters of industrial land and 5.8 million square meters of residential space.The SEZ in Gopalpur will focus on minerals, mining and associated industries. At present, Tata Steel possesses the land slotted for SEZ. “We plan to focus on industries that are downstream value-added in the metals and minerals space and allied industries such as gem and jewellery for the SEZ, which is planned to come up in 2,900 acres. The land is already in our possession and the necessary approvals are in place. So we expect that this development will not face any land acquisition related problems,” a TRIL official told Financial Chronicle. “The positioning of the SEZ has been made keeping in mind the advantages of the local area and infrastructure such as a functioning port that’s capable of deep draught, an air strip and railway slidings that could be utilised by the industrial units in the zone,” added the official.
Source: www.mydigitalfc.com
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