Govt slow on IT SEZs, rules out Act amendment
Commerce Secretary GK Pillai ruled out putting a cap on the number of SEZs in the textile sector or even multi-product zones. .india Updated: Nov 08, 2006 14:11 IST
The government has decided not to give more in-principle approvals for IT Special Economic Zones, Commerce Secretary GK Pillai said on Wednesday.
Pillai said so far the Board of Approvals for SEZ in the Commerce Ministry has given formal clearance to 148 IT SEZs and in-principle to about 70 more.
"We have decided not to give in-principle approvals for IT SEZs. No cap is being put... If any company comes with land already acquired we will give a formal approval," he said at an Assocham seminar in the national capital.
He ruled out putting a cap on the number of SEZs in other sectors such as textiles or even multi-product zones.
Pillai also said the ministry would modify the SEZ Rules to simplify procedures. There was no need for an amendment of the SEZ Act, as was demanded by Left parties, he added.
First Published: Nov 08, 2006 14:11 IST