Mumbai would soon have a new special economic zone (SEZ) for the gem and jewellery industry, according a report in The Times of India.%%The government has approved the project. The project is based in the suburb of Goregaon at a cost of Rs.400 crore ($98 million) by real estate firm, Royal Palms Estates.%%The newly proposed SEZ will be spread over a 25-acre area with a constructed area of 2.5 million sq ft. The first phase of construction is scheduled to complete by March 2009.
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