MUMBAI: The top officials of Reliance Industries and Jai Corp have said that the companies will continue to develop the 35,000-acre project on the land of special economic zone (SEZ) of Rajgad despite the decision of state government of Maharashtra for denotification of this land.
The state government of Maharashtra has recently announced the denotification of 16,900 acres of land of Rajgad SEZ out of the total land of 35, 000 acres, that was earlier granted to Reliance Industries and Jai Corp. Both the companies had acquired this piece of Rajgad SEZ land in 2005 and had decided to develop a joint venture project on this land.
However, that land was originally belonged to the farmers living in that area. The government has decided to return 16, 900 acres of land to the owner farmers after witnessing a strong opposition from them. Even after this decision of government, both the companies are working to build infrastructure on the remaining land and develop the proposed project for tourism purposes and for conducting domestic and international trade.