BoA clears 13 new SEZs
TCS and Singapore-based realty major Ascendas are among the 13 SEZ proposals cleared by the government on Friday while a decision on DLF and Unitech Hitech projects in Noida was deferred.
By PTI |
NEW DELHI: TCS and Singapore-based realty major Ascendas are among the 13 SEZ proposals cleared by the government on Friday while a decision on DLF and Unitech Hitech projects in Noida was deferred.
Formal clearance for 10 proposals and in-principle nod to three applicants were given by the Board of Approvals chaired by Commerce Secretary G K Pillai, taking the total number of formal approvals to 395.
"Of the SEZs given formal approval, 156 have been notified and an investment of Rs 50,906 crore has already taken place in these zones," Pillai said.
He said a decision on DLF and Unitech Hitech was deferred since the promoters did not have land in possession.
Formal approval was given to TCS to set up an IT zone in West Bengal and Ascendas received in-principle clearance for electronics and multi-product SEZs in Tamil Nadu.
The BoA cleared Perfect IT SEZ's proposal for a 10 hectare IT and ITeS zone in Noida. Adani Group's 1,000 hectare multi-product zone at Mundra in Gujarat was also given a go-ahead.
The other proposals that were formally cleared include Saloni Business Park's 27.24 hectare biotechnology park in Maharashtra as well as a 14.77 hectare electronic hardware and IT zone in Raigad, proposed by Modern India Property Developers.
Privilege Power and Infrastructure Ltd's 2,245 hectare multi-product zone in Maharashtra was given in-principle nod.
This is the first decision on SEZs after the Union Cabinet had cleared the Resettlement and Rehabilitation policy on October 11, making the process of land acquisition transparent and easy for the promoters.
Formal clearance for 10 proposals and in-principle nod to three applicants were given by the Board of Approvals chaired by Commerce Secretary G K Pillai, taking the total number of formal approvals to 395.
"Of the SEZs given formal approval, 156 have been notified and an investment of Rs 50,906 crore has already taken place in these zones," Pillai said.
He said a decision on DLF and Unitech Hitech was deferred since the promoters did not have land in possession.
Formal approval was given to TCS to set up an IT zone in West Bengal and Ascendas received in-principle clearance for electronics and multi-product SEZs in Tamil Nadu.
The BoA cleared Perfect IT SEZ's proposal for a 10 hectare IT and ITeS zone in Noida. Adani Group's 1,000 hectare multi-product zone at Mundra in Gujarat was also given a go-ahead.
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The other proposals that were formally cleared include Saloni Business Park's 27.24 hectare biotechnology park in Maharashtra as well as a 14.77 hectare electronic hardware and IT zone in Raigad, proposed by Modern India Property Developers.
Privilege Power and Infrastructure Ltd's 2,245 hectare multi-product zone in Maharashtra was given in-principle nod.
This is the first decision on SEZs after the Union Cabinet had cleared the Resettlement and Rehabilitation policy on October 11, making the process of land acquisition transparent and easy for the promoters.
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