Subhash Chandra Seeks Permission For Entertainment Special Economic Zone

Business Standard: Subhash Chandra is one entrepreneur who thinks big. He is the rice-trader-turned-media baron. He pioneered satellite TV in India when Doordarshan rooled the roost in the country.
Here is another “trailblazing move”, as Business Standard has described in its scoop on Subhash Chandra’s next big bet. A 1,000-hectare entertainment special economic zone (SEZ) near Mumbai that promises to be Disneyland, Hollywood and Las Vegas rolled into one. The group company Essel World will invest Rs 500 crore ($111 million) in developing the ambitious venture for which the land has been identified in the Gorai-Manori-Uttan region, near Essel World’s existing amusement park at Mumbai.
The plans include setting up of a recording studio, an animation studio, editing facilities, uplinking and broadcasting facilities, resorts and amusement parks. Essel may also look at developing parts of the project in partnership with other companies. The group has sought the Centre’s permission for the SEZ. Ashish Kaul, vice-president (brand), Essel Group, has confirmed the development: “We are finalising the plans and are looking at various options to build it.”