Unitech, DLF SEZs on hold
While the Board of Approval clears 10 SEZ proposals, it defers the proposals of real estate giants DLF and Unitech as they are yet to acquire land, reports Gaurav Choudhury.business Updated: Sep 18, 2007 22:06 IST
The Board of Approval (BoA) on Tuesday cleared 10 special economic zone (SEZ) proposals, including three of Mukesh Ambani-promoted information technology zones in Navi Mumbai. The board, however, deferred the proposals of real estate giants DLF and Unitech as they were yet to acquire land.
Commerce secretary GK Pillai said decisions on four SEZ proposals in Uttar Pradesh, including DLF and Unitech Hi-tech, have been deferred because they do not have the possession of land. Pillai, however, said the pending proposals would be cleared once the promoters acquire land.
The board also granted formal approvals for an infotech SEZ of the Tata Consultancy Services in Gujarat, and another one by Gujarat Industrial Development Corporation, Gujarat.
It also granted in-principle approval for a textile SEZ by Jindal Worldwide Ltd in Gujarat and to one in Maharashtra by Arshhiya Technologies.
Pillai said that so far formal approvals have been granted for setting up of 386 SEZs out of which 149 have been notified and added that over Rs 47,732 crore have been invested in these notified SEZs. The government claimed that these SEZs are providing direct employment to over 40,729 persons.