BoA clears 2 Reliance SEZs, 31 others | business | Hindustan Times
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BoA clears 2 Reliance SEZs, 31 others

The BoA in its meeting gave formal clearance to the 440 hectare SEZ of RIL in Gurgaon and in-principle nod to its 2,850 hectare zone at Rewas in Maharashtra.

business Updated: Jun 05, 2007 16:07 IST

The government on Tuesday gave formal approval to a multi-services special economic zone of Mukesh Ambani-promoted Reliance Industries in Haryana and in-principle nod to its port-based SEZ in Maharashtra, besides clearing 31 others including that of GMR's Hyderabad airport.

The Board of Approvals in the Commerce Ministry at its meeting gave formal clearance to the 440 hectare SEZ of RIL in Gurgaon and in-principle nod to its 2,850 hectare zone at Rewas in Maharashtra.

"Of the 44 proposals on the agenda, we have given formal approvals to 24 and in-principle to nine, while the rest were deferred," Commerce Secretary and BoA Chairman Gopal K Pillai told reporters.

The Rewas SEZ is strategically important since it would be the last halt on Railways' Delhi-Mumbai freight corridor and is close to Jawaharlal Nehru Port. According to officials, about 200 high-speed freight trains would run on the corridor which will also link SEZs, industrial complexes and ports.

Infrastructure firm GMR received formal approval for its 101 hectare SEZ linked to the greenfield airport under construction in Hyderabad. With this multi-product zone, Hyderabad will become a cargo hub for airlines.

Uttar Pradesh government again asked the Centre to defer three of the proposals referred by the previous Mulayam Singh government as the new Mayawati regime wanted to review all SEZs proposed in the state. Those deferred at the instance of the state government were IT SEZs of DLF, Falcon and Perfect in Noida. The state government had earlier withdrawn Anil Ambani group's proposal for an SEZ in Noida.

Pillai also said the BoA was awaiting views of promoters Mukesh Ambani and his associate Anand Jain as well as the Maharashtra government on the Navi Mumbai SEZ.

The Board of Approval gave formal nod to a proposal by financial services and real estate firm IndiaBulls to set up a multi-product 1,214 hectare SEZ in Nasik, and in-principle clearance to its 2,429 multi-product zone in Thane.

Two gems and jewellery SEZs of Gitanjali Gems in Maharashtra were also cleared. Software giant Wipro's 40 hectare IT SEZ in Hyderabad got formal approval.

State Industries Promotion Corporation of Tamil Nadu's electronic hardware SEZ spread over 115 hectare also got formal approval.

For the first time, an SEZ promoted by a municipality in Guntur district of Andhra Pradesh was approved. VGTM Urban Development Authority wants to set up a 16 hectare IT SEZ.

In all, 114 SEZs have been notified so far, while as many as 150 cases where land is available are pending before the BoA.