Noida Development Authority Nod to Reliance SEZ

April 24, 2007	(Be the first to rate this story!)  Loading ...
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With the Centre revising the norms on SEZs, there are no more obstacles for Noida’s biggest information Technology Special Economic Zone (SEZ) and a multi-product SEZ of the Reliance Group that is planned to come up along the Noida-Greater Noida Expressway.

The land has been allotted to nine IT companies and the Reliance Group for development of the SEZ Project. With these allotments falling under the legal purview of the Centre’s recently revised policy, the SEZs will be registered soon.

Noida Development Authority has earned a whopping amount of Rs. 90 crore in the last financial year from the SEZs. The IT SEZ alone is expected to provide job seekers with a large pool of active job opportunities.

The new SEZ policy framed by the Centre has put a limit on maximum land allotment for the development of SEZs at 5,000 acres. Noida Development Authority claims to have complied with all the rules regarding the maximum allotment and others. The land allotted was earlier acquired at the government prices of Rs. 500 per sq mt.

The nine IT companies acquiring 25 acre plots each on the Noida-Greater Noida Expressway in sectors 143 and 144 includes the names like: Hindustan Dorr-Oliver Limited, IVCRL Infrastructures and Project Limited, Aachman Limited, DLF Commercial Developers Limited, Century Avenues Private limited, Logix Techno Park, Unitech Hi- tech, and Tata Consultancy Services (TCS) Limited. BPOs and KPOs will form the main business area here.

Noida SEZs will be strategically located along the Noida-Greater Noida Expressway. The location will offer fast connectivity to major places like Agra and Delhi through under construction Taj Expressway. 100 km radius area around SEZs accounts for 4.8% of country’s total Net Domestic Product. Per capita income here is Rs 21,000, one of the highest in the country and almost 22 per cent higher than country’s average.

News Published Under:   Special Economic Zones |

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