Haryana Chief Minister Bhupinder Singh Hooda on Monday said Mukesh Ambani-led Reliance Industries' proposal to set up one of the biggest special economic zones (SEZ) in the state is very much on track and an agreement will be signed June 19.

Deferment of the signing ceremony on Monday between the Haryana government and Reliance in Chandigarh at the last moment had led to speculations that the 2,500-acre SEZ proposal had run into rough weather due to political opposition both within the state and the Centre.

"There is no basis for the reports of any problem. The signing ceremony was deferred at the request of Reliance as Mukesh Ambani had just come back from the US and could not make it to the proposed ceremony," Hooda said.

"We should not politicise this issue. The signing ceremony of the joint venture between Haryana State Industrial Development Corporation (HSIDC) and Reliance will be held on June 19," said Hooda denying that he had met Congress president Sonia Gandhi on Monday to explain the situation over alleged irregularities.

The proposed multi-product SEZ Gurgaon is expected to see around Rs 1.75 trillion of investment over the next few years and create thousands of jobs for the locals.

Source:Hindustantimes
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  • RIL To Setup Rs 25,000 cr SEZ in Gurgaon

    The deal to setup Rs 25,000 crore multi-product Special Economic Zone (SEZ) near Gurgaon would be sign on 19th June between Mukesh Ambani led Reliance Industries and state government, top governmental officials said here on June 12.

    RIL would account for 20 percent and is expected to tie-up with other companies for development of the SEZ.

    Officials further added that the actual schedule date to sign, which was 13th June, has cancelled due to the differences in the ruling Congress.

    However the postponement was sought by RIL and that there was no change in the terms and conditions.

    The proposed SEZ with an estimated investments of Rs 1,25,000 over the next three to four years would be spread over 25,000 acres.
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