Reliance Group to build India’s largest port

The Mukesh Ambani-owned Reliance Group has proposed to build Indias largest port. The group plans to invest more than Rs3,000 crores (US$759 million) in developing the port, which is located about 10 nautical miles or 16 km south east of Mumbai harbor and awaits environmental clearances to launch construction. Having a sea depth of 20 metres, the Rewas Port has proved to be a clincher for Reliance Group, which is developing two mega special economic zones (SEZs) across 35,000 acres in Navi Mumbai. Rewas Port, a nodal point for exports from the SEZs, will be connected with both rail and corridors, including a separate rail freight line between the SEZ and its Haryana SEZ. The port originally belonged to entrepreneur Meka Vijay Papa Rao and the Reliance Group company, Reliance Logistics Investment, along with Jai Corp. The port is scheduled for commissioning by October 2008. (September 15, 2007).