Wednesday, October 11, 2006

DLF keen on SEZ in TN

Chennai , Oct. 8

DLF Ltd, the New Delhi-based infrastructure projects developer, has
committed to investing over Rs 10,000 crore in infrastructure projects,
including Special Economic Zones, in Tamil Nadu.

According to company officials, at a meeting with the Chief Minister, Mr
M. Karunanidhi, here today, the company's Vice-Chairman, Mr Rajiv
Khanna, had sought the Government's permission to develop a
multi-product SEZ. With the Tamil Nadu Government announcing plans to
establish multi-product SEZs in Nanguneri, Hosur and Perambalur, DLF
said that the company would be interested in developing any one of these
SEZs in the public-private-partnership mode.

According to the official, the Government has expressed its willingness
to consider any detailed proposal submitted by the company in this
regard. Further progress is expected in the coming week. DLF has also
evinced interest in investing in infrastructure projects including
airports, roads and bridges in Tamil Nadu. But its primary interest
would be in SEZs, the officials said. At the meeting, Mr Khanna also
pointed out that the company has close involvement in developing such
infrastructure projects, according to the officials.

In Chennai, DLF is setting up an IT SEZ at Manapakkam. It has a built-up
area of about 6 million sq ft and land area of about 43 acres. In the
pipeline is a major residential project on the Old Mahabalipuram Road.


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