MR Rajiv Banga, Managing Director and Chief Executive Officer of Mangalore SEZ Ltd (MSEZL), has expressed confidence that the company would be able to complete its dedicated pipeline-cum-road corridor project to New Mangalore Port by March 2013, according to Exim News Service.
While delivering a lecture on the topic ‘SEZ opportunities for petrochemicals in Karnataka’ at the Global Investors’ Meet in Bengaluru recently, he apprised that MSEZL was in the process of setting up a nearly 10-km-long direct pipeline-cum-road corridor linking the SEZ units to the New Mangalore Port.
MSEZL’s current endeavour is in addition to it setting up two barrages on the Nethravathi and Gurupur rivers adjoining Mangalore. Experts stress that the dedicated corridor would save time and costs for petrochemical units.
Mr Banga expects phase I of the corridor to be completed by March 2013. Another senior MSEZL official emphasised that the dedicated corridor, along with other infrastructure such as power and water, was essential for the commissioning of units in the tax-free enclave.