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L&T defers engineering SEZ in Surat

L&T the construction and engineering major had planned to set up an engineering sector specific SEZ at Suvali and Mora in Choriyasi of Surat in Gujarat. According to government source, the SEZ was to come up on 100 hectares and likely to garner investment of Rs.40000 million. However, with the gloomy export market, the company has deferred its plans and has withdrawn its proposal from the SEZ approval board. Among L&T there are other companies which have deferred plans /denotified on SEZ are SPG Infrastructure Pvt Ltd, Essar in Hazira SEZ, DLF etc.,

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