China has plans to set up two industrial parks - one each in Maharashtra and Gujarat at an investment of over $6 bn. The foreign country will invest $5 bn in the industrial park in Pune alone, which will focus on automobile manufacturing, in phases over the next decade. The Pune park will spread across 6 sq km, and the park that will come up near Ahmedabad in Gujarat.
Jindal Steel and Power Ltd signed an MoU with Orissa to set up an industrial park in Angul district. The park is planned at Parjang, about 3 km from the site where JSPL is setting up a 6 mtpa integrated steel plant.
TDT Infra is developing the state’s first industrial park in the private sector. The proposed park would offer plots for corporate entities. The park, near Vadodara on 105 acre of the company’s free-hold land worth Rs 100 crore, will sell plots on a permanent basis.