Tata Gets Nod For Gopalpur SEZ, RIL Is Still In Queue

June 1, 2007	(Be the first to rate this story!)  Loading ...
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The Tata Group after waiting for long finally has got a nod for its Special Economic Zone (SEZ) in Gopalpur but the Mukesh Ambani group promoted Navi Mumbai SEZ is still in limbo and waiting for government agencies to raise fresh concerns over the duty free enclave.

The Board of Approvals (BoA) for SEZs has again rejected the decision on navi Mumbai SEZ after the revenue department has claimed its fencing around five villages and water bodies to be inadequate.

The Revenue Department has also raised concerns over possible tax leakages in the last meeting.  Adding to woes of the group come the objection by Jawaharlal Nehru Port Trust that wants the SEZ to be constructed after the National Highway passing through Navi Mumbai is upgraded to four-lane.

However, the authority says to seek suggestions from the state government and promoters on the repot of the revenue department, says GK Pillai, who heads the BoA.  The proposal may take up the discussions at the board’s next meeting scheduled for late in June.

Tatas turned out to be lucky to receive good news from the BoA. The authority has earlier deferred the group’s proposal after the home ministry raised objection over security concerns due to the zone’s closeness to a missile school. But, the approval came along with other 23 formal clearances on Thursday thereby bringing a time to rejoice for the Tatas.

News Published Under:   Special Economic Zones |

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