labels: industry - general, economy - general
42 new SEZ proposals up for approval on Friday meetnews
20 June 2007

New Delhi: The Board of Approval will take up a total of 46 proposals for SEZs when it meets on June 22, under the chairmanship of commerce secretary, Gopal K. Pillai.

According to official sources, the Board might also consider grant to RIL''s Navi Mumbai multi-product SEZ plan if the clarifications sought from the State Government and promoters are satisfactory and sufficient.

Of the 46 proposals, as many as 42 are new, they added.

The four other proposals are pending ones, including DLF''s proposed SEZ at Sonapet, Haryana for electronics hardware and IT/ITES, spread over 10.06 hectares, for which it has already acquired land. A multi-product SEZ over 5,000 hectares (the maximum ceiling) in Karnataka proposed by Skill Infrastructure Ltd will also come up for approval.

SIPCOT''s SEZ for leather products over 105.26 hectares at Ranipet Phase-III is among the 13 new proposals put forth by Tamil Nadu developers.

The sources said that till the first week of this month, the number of notified SEZs currently functioning in the country has gone up to 123.

The expected investment from them by the end of 2009 is likely to be Rs 1,48,440 crore. The additional employment generation would be 15.46 lakh.

The sources added that considering the fact that 180 approvals are pending notification, the aggregate investment would be Rs3,00,000 crore and additional employment, four million.

Officials also estimate that exports from new-generation SEZs amounted to Rs34,787 crore in 2006-07, posting a growth of 52 per cent over Rs22,840 crore in 2005-06.

 search domain-b
42 new SEZ proposals up for approval on Friday meet