The Maharashtra government has given an in-principle approval to convert 2,140 hectares of the Navi Mumbai Special Economic Zone (NMSEZ) into an integrated industrial area.
The decision to this effect was taken on Tuesday at the state cabinet meeting chaired by Chief Minister Devendra Fadnavis.
With this, the NMSEZ can apply for denotification of its special economic zone status.
The Centre had already started the denotification process of the SEZ. However, the state government had requested the Centre to put the process on hold, a release from the Chief Ministers Office said.
The cabinet decision will help the promoters use 15 per cent of the total leased land – around 1,842 hectares – for residential uses, while the rest will have to be utilised for industrial purposes, the release said.
The Navi Mumbai SEZ has been proposed to be developed in three phases on 2,140 hectares of land in Dronagiri, Ulwe and Kalamboli areas of the township.