ONGC plans massive investment in Mangalore SEZ
Natural resources giant ONGC is planning a massive investment of Rs. 10,000 crore in the recently approved Mangalore multi-product SEZ that is to come up in 1,320 hectares of land. ONGC is the main promoter of this SEZ.
Initial investment would be on infrastructure including land and roads. The SEZ is favourably located close to the sea port, air port and also to railway tracks.
By INRnews Correspondent
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Comments
ONGC is investing 50,000 crores and not 10,000 crores. The total investment is expected to cross 100,000 crores.
Posted by: ajay ramchandran | September 26, 2006 10:42 PM