You are on page 1of 2

INDIA GRANTS MORE SEZ APPROVALS

By DHRUVA JYOTI CHOWDHURY, KOLKATA, INDIA

To consider proposals pertaining to the Special Economic Zones (SEZs), the The Board
of Approval (BOA) of the Special Economic Zones (SEZs) met recently. The Board also
approved other miscellaneous requests pertaining to SEZs. In this meeting, 53
applications for setting up SEZs were considered and 36 Formal approvals and 9 In-
principle approvals were granted.

Prominent among the Formal approvals are: Electronic Hardware SEZ by Foxconn India
Developers Private Limited in Tamil Nadu; Aviation Sector SEZ by GMR Hyderabad
International Airport Limited in Andhra Pradesh; One IT/ITES SEZ and one Gem and
Jewellery SEZ by Omnibus Industrial Development Corporation of Daman & Diu and
Dadra & Nagar Haveli; Three SEZs for Biotechnology, Light Engineering and
Pharmaceuticals by Navi Mumbai SEZ Private Limited in Maharashtra; IT/ITES SEZ by
Reliance Infocom Infrastructure Private Limited in Maharashtra and six IT/ITES SEZs by
Electronic Corporation of Tamil Nadu in various Districts of Tamil Nadu and MAS
Fabrics Textile SEZ in Andhra Pradesh which is being developed with 100% FDI.
Prominent In principle approvals granted are : Electronics and Electrical SEZ,
Engineering Equipment & Components SEZ and a Multi Product SEZ by TIDCO in
Tamil Nadu; Multi product SEZ by DLF Limited in Rajasthan; Aerospace related
industries SEZ by KIADB in Karnataka.

With this set of approvals, the total number of SEZs granted formal approval is 339 i.e.
339 SEZs are there with land and of these 126 have so far been notified. Investment of
35145 Crores has taken place so far and current employment in new SEZs is about
33000 persons. It is expected that by end of the year additional employment in the new
SEZs would cross 100,000.

The Chairman of BOA Shri G.K.Pillai, apprised the Members of the Board that the
Central Government has issued certain instructions with regard to approval of SEZs and
the land acquisition for SEZs and the Chief Secretaries of all the State Governments have
been informed that the State Governments would undertake acquisition of land for SEZs
only when 100% of the owners give consent. The State Government representatives were
informed that if any proposal for compulsorily acquired land comes up, the same would
not be notified as SEZ. It was also advised that to the extent possible, double crop and
multiple crop lands should not be acquired.

Suggested Reading

• Lowering of Real Estate Prices in the Suburbs Likely
• Visit our India Resource Page
• The Latest India Real Estate Round Up
• Comprehensive Real Estate Report by India City
• Pictures: New Chennai Airport
=\===============