Rewas port projects on hold

Reliance Industries’ plan to build a Rs 5,000-6 ,000-crore port project at Rewas, in Maharashtra, and a liquefied natural gas (LNG) import facility have been currently put on hold, said Niraj Ambani, president, logistics, Reliance Industries. "The Rewas port is a part of the Maha Mumbai SEZ project that is awaiting regulatory clearances for land acquisition. So for now the Rewas Port project is on hold," Ambani said. Reliance Logistics and Ports, a unit of RIL, holds a 55% stake in Rewas Ports , the company formed to develop and operate an all-weather deep draught port at Rewas), while Jai Corp (owned by Mukesh Ambani's close aide Anand Jain) has a 10% stake and Amma Lines holds 24%. The rest is held by the Maharashtra Maritime Board . In February this year, the Maharashtra government ended its land acquisition process for the proposed Maha Mumbai Special Economic Zone , putting a spanner in the development of one of India's biggest SEZ plans.
(Source:http://www.seatrade-asia.com)