Government rejects GMR's Hyderabad SEZ proposal | Latest News India - Hindustan Times
close_game
close_game

Government rejects GMR's Hyderabad SEZ proposal

PTI | By, New Delhi
Apr 17, 2011 11:34 AM IST

The government has rejected the request of GMR Hyderabad Aviation SEZ Ltd to change the sector of Hyderabad SEZ from 'aviation' to 'multi product airport-based' saying the special enclave is not a part of the airport.

The government has rejected the request of GMR Hyderabad Aviation SEZ Ltd to change the sector of Hyderabad SEZ from 'aviation' to 'multi product airport-based' saying the special enclave is not a part of the airport.

HT Image
HT Image

The decision was taken by an inter-ministerial Board of Approval, headed by commerce secretary Rahul Khullar, late last month, an official said.

Unlock exclusive access to the story of India's general elections, only on the HT App. Download Now!

"The SEZ is not part of the Airport and a multi-product SEZ is required to have a minimum land area of 1,000 hectares. So the Board rejected the proposal," the official said.

A multi-product special economic zone (SEZ) encompasses all products and services and has a minimum area requirement of 1,000 hectares.

In its application, the GMR Hyderabad Aviation SEZ had on January 19, sought a change in the usage of the Andhra Pradesh duty free enclave from 'aviation' to 'multi product' airport-based zone.

When GMR was asked about its future course of action, its spokesperson said, "it is too early to comment on our future plans. ..... The proposal has been rejected hardly a fortnight ago".

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!

Get Current Updates on India News, Lok Sabha election 2024 live, Election 2024 along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, April 16, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On