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9 SEZs Get Govt Approval
| January 17, 2009 |  (Be the first to rate this story!) Loading ... |
The government today approved nine special economic zone proposals, including the Navi Mumbai SEZ promoted by Reliance Industries Chairman Mukesh Ambani’s close aide Anand Jain. The Board of Approval in the Commerce Ministry gave seven ‘formal’ approvals, while two were given ‘in-principle’ clearances. The BoA, chaired by Commerce Secretary G K Pillai, considered 12 proposals in all. Formal approval was given to the Navi Mumbai SEZ, JSW Aluminium SEZ, agro-product SEZ by Anand Agrochem India, and Kerala Infrastructure’s IT project, since the promoters of these have land.
Larsen & Toubro’s proposal for an IT SEZ was deferred “because there was no clarity on land,” Pillai told reporters after the BoA meeting here. The Anand Jain-promoted Navi Mumbai SEZ is promoting different tax-free enclaves. There is a ceiling of 5,000 hectares on a single SEZ. In-principle approvals were granted to Lepakshi Knowledge Hub Pvt Ltd’s multi-product tax-free enclave in Andhra Pradesh and Karaikal Port SEZ. The government has so far given formal approvals (those possessing land) to 552 projects, of which 278 have been notified and 87 are operational.
News Published Under: Special Economic Zones |
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