Going slow on SEZ? BoA defers 150 proposals
Most of the proposals have been postponed because they have not been backed by state governments.
By PTI |
NEW DELHI: The breakneck pace at which the Board of Approvals has cleared proposals for Special Economic Zones may have raised some concerns, but at the same time more than 150 other applications have been deferred as well.
"As many as 236 proposals for SEZs have got formal approval, while in-principle approval has been given to 169 by the Board of Approval so far. The Board has also deferred 150 proposals during its meetings held since February," senior commerce ministry officials said.
In addition, the Board has received about 60 fresh applications, they said.
Most of the proposals have been postponed because they have not been backed by state governments as they had come to the BoA for approval directly, they said.
"The cases which come directly to the BoA are referred to the state governments for various approvals. The clearance at the state government-end takes more than 15 days that are given as notice for the BoA meeting," officials said.
They said that despite clearances from state government taking time the cases are listed for consideration as that process of approval could be put on fast-track even from the state government's side.
Some of the cases have been deferred because of delay in security clearances.
The security agencies too are finding it tough to meet the deadline of 15 days to give clearance and a proposal has been mooted to increase it to 30 days, officials said.
They, however, dismissed any new set of guidelines for speedy security clearances to SEZ proposals.
"As many as 236 proposals for SEZs have got formal approval, while in-principle approval has been given to 169 by the Board of Approval so far. The Board has also deferred 150 proposals during its meetings held since February," senior commerce ministry officials said.
In addition, the Board has received about 60 fresh applications, they said.
Most of the proposals have been postponed because they have not been backed by state governments as they had come to the BoA for approval directly, they said.
"The cases which come directly to the BoA are referred to the state governments for various approvals. The clearance at the state government-end takes more than 15 days that are given as notice for the BoA meeting," officials said.
They said that despite clearances from state government taking time the cases are listed for consideration as that process of approval could be put on fast-track even from the state government's side.
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Some of the cases have been deferred because of delay in security clearances.
The security agencies too are finding it tough to meet the deadline of 15 days to give clearance and a proposal has been mooted to increase it to 30 days, officials said.
They, however, dismissed any new set of guidelines for speedy security clearances to SEZ proposals.
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