The India Infrastructure Initiative (Triple –I) today announced the completion of its second mandate - A 250-acre Special Economic Zone at Kagal, near Kolhapur, Maharashtra was structured and successfully bid out to Soma Enterprise on behalf of the Maharashtra Industrial Development Corporation (MIDC).

The agreement between MIDC and Soma was signed by Mr. Rajiv Jalota, the CEO of MIDC and Mr. GV Narasimha Rao, Senior Vice President of Soma Enterprise at Mumbai in the presence of Mr. Ashok Chavan, the honorable Industries Minister of Maharashtra.  

The SEZ will be developed over 104 Hectares of land with an expected investment by the Developer of Rs. 250 crore.  The Project is expected to catalyze investment of around Rs. 5,000 crore and generate direct and indirect employment for around 20,000 people.

Speaking on the occasion, Mr. Ashok Chavan said “The SEZ at Kolhapur is an effort to boost the development of infrastructure for the textile industry, which should help in the growth of the textile sector in the state.”

Soma Enterprises led consortium will be the co-developer of this SEZ along with MIDC.  The project preparation and partner selection process for the Project was carried out by India Infrastructure Initiative (Triple-I), a unique facility set up by IDFC and Feedback Ventures.  The partner selection involved two-stage bidding process which saw twelve applicants out of whom six had qualified to put in financial bids for the Project.  The Soma Enterprise-led consortium won the bid by putting in the highest bid – Rs. 1.06 crore per hectare, which was the highest value realization by MIDC from various SEZ projects bid out by MIDC.

“After its first success at Project Bhopal for Madhya Pradesh, Triple –I has once again demonstrated that project preparation and effective marketing of the PPP Projects is the key to benefit both, the developers and the Government.  Kagal has amply demonstrated this” said Mr. Suresh Kumar, Chief Executive Officer of the India Infrastructure Initiative.

By successfully closing two projects in its second year of operations Triple-I is well on its way to fulfill the mandate it was set up for.  Through various projects under progress it is catalyzing investment of over Rs. 10,000 crore in infrastructure. “We hope to replicate this success in other States and thus promote much higher Public-Private Partnership in Infrastructure through our unique, no-cost-to-government solution.”, said Mr. Anil Baijal, IAS Retd., the chairman of the Triple-I trust.

About Triple-I
The India Infrastructure Initiative (Triple-I) a trust created by IDFC and Feedback Ventures offers a “no-cost” solution to the Governments or Government Undertakings to hand-hold them through the process of project preparation and partner selection for the identified infrastructure projects.  For its services to create a pool of bankable infrastructure projects, Triple-I does not charge the Government or Government agencies and instead recovers its costs from the selected private sector partners for the projects, thus creating a win-win situation for all concerned.  


IDFC provides a wide range of financing products and fee-based services to Infrastructure projects and their sponsors. The main focus has been on the energy, transportation and telecommunications and IT sectors, while the industrial and commercial Infrastructure sector is a new area of business growth.

Feedback Ventures is India’s leading integrated infrastructure services company, with a mission of “Making Infrastructure Happen”.  Totally focused on infrastructure development, Feedback Ventures offers an integrated suite of services that covers all the steps from “concept to commissioning”.  Over the years, Feedback has become known both for its innovative work as well as for its ability to ensure successful implementation of infrastructure projects.