Sources close to the development said RIL, which was planning two adjacent economic zones in the coastal district of Raigarh in Maharashtra, is looking to set up three special purpose vehicles (SPVs) to develop the various components of the project.
The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land.
Mukesh Ambani and Anand Jain promoted Mumbai SEZ Ltd has suspended its land acquisition for the MahaMumbai special economic zone in coastal Raigad for an indefinite period.
It was difficult to set up a unified zone on the SEZ land.
Senior Shiv Sena leader Manohar Joshi courted arrest at Belapur on Thursday along with party workers as part of the 'jail bharo andolan' to protest the Mahamumbai special economic zone of Reliance group in Raigad.
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