DLF proposes to develop SEZs

Staff Reporter

It also offers to develop roads, bridges, airports across Tamil Nadu

CHENNAI: Real estate and infrastructure development group DLF plans to
invest Rs. 10,000 crore in the development of Special Economic Zones,
integrated townships, hotels and convention centres in Tamil Nadu.

DLF vice-chairman Rajiv Singh met Chief Minister M. Karunanidhi here on
Sunday and submitted a number of proposals.

DLF chief executive, commercial, S. Vasudevan told The Hindu that the
proposals included an offer to build a multi-product special economic
zone and satellite town at Nanguneri, Hosur or Perambalur, all three
mentioned in the Chief Minister's budget speech.

During the meeting, Mr. Singh also offered to develop roads, bridges and
airports across the State through public-private partnership.

A government release said the Chief Minister was keen that large-scale
multi-product SEZs were taken up by groups like DLF. He asked the
company to present more concrete and detailed proposals to the
departments concerned.

Meetings planned

Mr. Vasudevan said meetings with the Chief Secretary and other
departmental secretaries would take place this week and specific
announcements were likely by the end of the month.

The release said the projects would "not only generate massive direct
and indirect employment, but would also strengthen Tamil Nadu's position
as a leading investment destination in the country, and accelerate
economic growth in the State."
http://www.hindu.com/2006/10/09/stories/2006100903170500.htm