RIL's SEZ in NCR likely to start; IL&FS to pick stake

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After the truce between the Ambani brothers the new and old business seems to be coming back on track. RIL is planning to kick-start its SEZ plan in Gurgaon and Jhajjar with around Rs 3000 crore being pumped in. An official announcement is expected next week.

Sources say that both the SEZs are in take off stage. It is learnt that IL&FS have get a larger stake in the Jhajjar SEZ compared to the project in Gurgaon.

Sources add that agreements are virtually done with Japanese and Korean companies like Panasonic and Mitsui for setting up large manufacturing and logistics facilities in the Gurgaon SEZ.