The proposed IT special economic zone (SEZ) at Taramani on the Old Mahabalipuram Road, to be developed jointly by the DLF and Tamil Nadu Industrial Development Corporation (TIDCO), has run into rough weather with the union commerce ministry raising objection to the site, stating that it does not measure up to a contiguous stretch of 25 acres. The 26.64 acre land, which the DLF had bought from the Tamil Nadu government at Rs 26 crore per acre, is divided by the elevated railway track of the Mass Rapid Transport System (MRTS). About three acres of land lies on one side of the track and the balance on the opposite side. People in the know of things said TIDCO had obtained an "in-principle" approval for the SEZ even before the land was sold to DLF. However, the commerce ministry insisted that the joint-venture firm apply afresh. When a fresh application was submitted, the ministry raised objection stating that the land was not contiguous.
Railway line may derail special zone on OMR
Posted by gilson21 328 days ago (http://timesofindia.indiatimes.com)
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