Government rejects GMR request to change Hyderabad Aviation SEZ profile
18 Apr 2011
New Delhi: The Government of India has rejected a request by GMR Hyderabad Aviation SEZ Ltd to change the project profile of its Hyderabad SEZ, from 'aviation' to 'multi-product, airport-based', saying the special enclave is not part of the airport.
The decision was taken by an inter-ministerial approval board, headed by commerce secretary, Rahul Khullar, late last month, an official said.
"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," officials 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 sought a change in the usage of the Andhra Pradesh duty free enclave from 'aviation' to 'multi product' airport-based zone.
A GMR spokesperson said, it was too early to comment on future plans.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
