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India Infrastructure Initiative completes second mandate Print E-mail
August 7, 2008: The India Infrastructure Initiative (Triple –I)―a partnership between IDFC & Feedback Ventures, has completed its second mandate―a 250-acre Special Economic Zone at Kagal, near Kolhapur, Maharashtra. The Kagal SEZ 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. G. V. 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.
 
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