Govt to consider DLF-TIDCO proposal for SEZ | business | Hindustan Times
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Govt to consider DLF-TIDCO proposal for SEZ

business Updated: Feb 22, 2009 12:42 IST

In the midst of a tough going for real estate players, the government will consider tomorrow the proposal of DLF for joining an SEZ project of the Tamil Nadu state agency TIDCO in Chennai for IT/ITeS.

The Board of Approval (BoA) in the Commerce Ministry will consider the DLF proposal alongwith 15 others this week, official sources said. DLF is joining the TIDCO project for which the formal central approval has already been obtained.

Under the SEZ law, any change in ownership of an SEZ project would require fresh approval from the BoA.

The project involves development of an IT/ITeS on 10.68 hectares near Chennai.

Earlier, the realty major had aborted a plan to develop an SEZ in the national capital in the wake of slackening demand for commercial space.

The 16 proposals listed on the agenda for the February 23 meeting, include those of Anand Jain-promoted Navi Mumbai SEZ for setting up a gems and jewellery unit, L&T's ship-building project and Maharashtra Airport Development Corp Ltd power SEZ, an official statement said.

According to official data, as on December 8, 2008, the government has given 552 formal and 141 in-principle approvals, while 274 SEZs have been notified.