 |
-
News by Month
-
News by Category
Gurgaon on Track to become a Major SEZ HUB
With 52 Special Economic Zones to come up in Gurgaon, this cyber town is all set to become a major SEZ hub. Around 34% of the agricultural land in Gurgaon will be utilized by these duty free enclaves which boast to generate a huge plethora of job opportunities. Not all of these SEZs will be spread over a large area.
Of total 52 SEZs, only five will be developed as multi-product enclave whereas 36 will cater to IT/ITes. There will be four bio-tech SEZs and three SEZs in the categories of textile and jewellery.
Among the notable SEZs are HSIIDC-Reliance joint venture SEZ to be developed on 25,000 acres, DLF Universal to come over a large area of 20,000 acres, and Emmar MGF covering 10,000 acres.
Investors and developers are being bullish on Gurgaon as the town enjoys strategic location and offers better law and order. However, these SEZs have a fear to suffer from acute water and electricity shortage. This can turn out to be a serious issue and requires to be handled now, says a senior official in the public health department. The total demand of this region requires to be calculated first, he adds.
A SEZ once declared binds the farmer to sell his land only a SEZ licencee. No time limit is there for the licensee to discharge his obligations under the agreement with the Haryana Government. The rule should be changed and the SEZ should be developed in a specific time period, otherwise, the license should be cancelled, says a planner.
News Published Under: Real Estate India | No Comments »