TCS, Cognizant SEZs cleared
The government approved the setting up of SEZ by information technology majors TCS and Cognizant Technology among 25 other proposals, reports Gaurav Choudhury.
The government on Wednesday approved the setting up of special economic zones (SEZ) by information technology majors Tata Consultancy Services (TCS) and Cognizant Technology among 25 other proposals.
The Board of Approval (BoA) headed by Commerce Secretary GK Pillai granted 20 formal approvals and seven in-principle approvals.
TCS plans to set up a 30.35- hectares IT and IT-enabled services (ITES) SEZ in Andhra Pradesh’s Ranga Reddy district, while Cognizant Technology Solutions would set up a similar SEZ covering an area of 16.19 hectares.
Formal approvals for were granted to a multi-services SEZ by Gujarat Finance City Development Company Ltd in Gandhinagar, Gujarat; agro and food processing SEZ by Nagaland Industrial Development Corporation Limited in Dimapur, Nagaland; and two IT and ITES SEZs by Andhra Pradesh Industrial Infrastructure Corporation (APIIC) Ltd in Kakinada and Chittor in Andhra Pradesh
The BoA also granted formal approvals to textiles SEZs by Alok Infrastructure Private Ltd in Dadra and Nagar Haveli and a multi-product SEZ by Sterling Erection and Infrastructure Private Ltd in Bharuch, Gujarat.
The board also granted in-principle approvals for sector-specific SEZ for providing products and related services for oil and gas, energy and petrochemicals by Gujarat Hydrocarbon and Energy SEZ Ltd in Gujarat and a multi-product SEZ by Gitanjali Gems Ltd in Nagpur, Maharashtra.
So far formal approvals have been granted for setting up of 366 SEZs, out of which 142 have been notified. Over Rs 46,705 crore have been invested in these notified SEZs, Pillai said.