Project details | The port-based multi-product SEZ was conceptualized in 2005. For this purpose about more than 10,500 acres of land has been acquired. The estimated investment in the project is about Rs 40,000 crore for the establishment of industries like oil refineries, power plants, garments and machinery manufacturing units. The goal of Kakinada SEZ is to attract foreign investment [2]. See moreA special purpose vehicle (SPV) has been incorporated to implement the project. KSPL, ONGC and IL&FS and many other companies are the stakeholders in the SPV. The project has got an in-principle approval from the Government of India. The SEZ will have an exclusive Rs 2,000-crore deep-water port for importing and exporting petroleum, biotech, agricultural and other products. The port facility will be used by companies that set up their units in the KSEZ [1] (See less) |
Project area: | 4,047 |
Level of Investment for the conflictive project | 6,646,856,995 (40,000 crore) |
Type of population | Rural |
Start of the conflict: | 2005 |
Company names or state enterprises: | Kakinada SEZ Pvt. Ltd from India - India Oil and Natural Gas Corporation Limited (ONGC) from India - Share holder Kakinada Sea Ports Limited (KSPL) from India - Share holders IL&FS Cluster Development Initiative Limited (IL&FS) from India - Share Holders |
Relevant government actors: | Government of India Government of Andhra Pradesh The Comptroller and Auditor General of India (CAG) |
Environmental justice organizations (and other supporters) and their websites, if available: | Local Villagers Telegu Desham Party (TDP) Communist Party of India Toxics Watch Alliance |