Tribune News Service

Chandigarh, February 7
The Haryana Government today decided to take back 1,383 acres from Reliance after the company failed to develop a special economic zone (SEZ) in Gurgaon district.

The decision to withdraw the land from Reliance Haryana SEZ Limited (RHSL) and develop a Global City as part of the Delhi Mumbai Industrial Corridor (DMIC) on it was taken at a meeting of the state Cabinet presided over by Chief Minister Bhupinder Singh Hooda. The Cabinet also decided to present the full budget for 2014-15 instead of vote on account during the budget session which starts on February 21. It’s being apparently done to dole out sops ahead of the parliamentary and Assembly elections this year.

“Reliance would get a compensation of Rs 343 crore. The Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) would get possession of the land,” said Hooda. Earlier, Reliance had demanded a compensation of Rs 1,172 crore for returning the land.

“The HSIIDC and Reliance Ventures Limited (RVL) had entered into a Joint Venture Agreement (JVA) on June 19, 2006, for setting up a SEZ over an area of 25,000 acres in Gurgaon and Jhajjar districts. The HSIIDC had transferred 1,383.68 acres for implementing the project at a cost of Rs 399.85 crore,” said YS Malik, Addl Chief Secretary (Industries). Gurgaon SEZ: Haryana to take back 1,383 acres from RIL
Tribune News Service

Chandigarh, February 7
The Haryana Government today decided to take back 1,383 acres from Reliance after the company failed to develop a special economic zone (SEZ) in Gurgaon district.

The decision to withdraw the land from Reliance Haryana SEZ Limited (RHSL) and develop a Global City as part of the Delhi Mumbai Industrial Corridor (DMIC) on it was taken at a meeting of the state Cabinet presided over by Chief Minister Bhupinder Singh Hooda. The Cabinet also decided to present the full budget for 2014-15 instead of vote on account during the budget session which starts on February 21. It’s being apparently done to dole out sops ahead of the parliamentary and Assembly elections this year.

“Reliance would get a compensation of Rs 343 crore. The Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) would get possession of the land,” said Hooda. Earlier, Reliance had demanded a compensation of Rs 1,172 crore for returning the land.

“The HSIIDC and Reliance Ventures Limited (RVL) had entered into a Joint Venture Agreement (JVA) on June 19, 2006, for setting up a SEZ over an area of 25,000 acres in Gurgaon and Jhajjar districts. The HSIIDC had transferred 1,383.68 acres for implementing the project at a cost of Rs 399.85 crore,” said YS Malik, Addl Chief Secretary (Industries).

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