Mangalore SEZ on track, says ONGC

But acquisition of this much land is not sufficient to announce the SEZ as a multi-product one, he said.

Sharma sought to downplay opposition in some local quarters to the land acquisition, saying for a commercial organisation like ONGC,facing such issues is common."This is one of the SEZs in the country that's progressing extremely well",he said.

"Investments (for the Mangalore SEZ) is very much on track. We have not stopped anywhere total funding plan. Everything is very much on track. It's very much on stream",he said, adding, there is no question mark on the project.

Sharma said ONGC is fully conscious of the concerns on land acquisition but added that issues would be resolved through discussions leveraging the company's "reputation and standing".

Comments (+)