Govt gives formal clearance to 10 more SEZs | business | Hindustan Times
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Govt gives formal clearance to 10 more SEZs

business Updated: Sep 18, 2007 22:23 IST

The government on Tuesday gave formal clearance to 10 SEZ proposals, including TCS, Mundra Port and new IT zones within the Mukesh Ambani-promoted Navi Mumbai Special Economic Zone.

The Board of Approval, chaired by Commerce Secretary GK Pillai, considered 19 proposals during its meeting in New Delhi.

"The Board has given formal clearance to 10 SEZs but the decision on four SEZ proposals in UP have been deferred because they do not have possession of land," Pillai said after the meeting.

Navi Mumbai SEZ Pvt Ltd, promoted by Reliance Industries Chairman Ambani and his close aide Anand Jain sought clearance for three IT specific enclaves within the overall limits of the SEZ.

The Board also gave in-principle approval to textile SEZ of Jindal Worldwide (JWL) in Gujarat and to another one in by Arshhiya Technologies spread over 68 hectares in Maharashtra.

Meanwhile, seven proposals were deferred mainly because of non-possession of land. Those deferred included proposals of DLF, Unitech and Falcon for their proposed IT SEZs in Uttar Pradesh.

Pillai said the Centre has identified around 100 proposals for cancellation since they were not backed by the state governments' approval.

"But there is no ban on them applying again," he said. Pillai also informed that the Board has so far given formal approval to 386 SEZs, of which 149 have been notified.

He added that over Rs 47,732 crore have been invested in these SEZs and the zones are providing direct employment to over 40,000 persons.