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Government to decide on six SEZs today news
09 April 2010

The government will consider today, six proposals for developing new special economic zones (SEZ) including the proposals from Larsen & Toubro and Cochin International Airports.

The inter-ministerial board of approval (BoA) headed by Rahul Khullar, commerce secretary would also decide on requests of three developers - Estra IT Park, Unitech Infopark and Wardha Power Company - who want to surrender their SEZs.

Additionally, the board would consider the requests from around 29 developers, including Ranbaxy Laboratories, HCL Technologies and Parsvnath SEZ for extension of time to develop their tax-free enclaves, according to an official.

Larsen & Toubro plans to set up an IT\ITeS SEZ in Mysore, Karnataka, spread over an area of 10 hectares while Cochin International Airports is seeking clearance for an airport based tax-free zone over 100 hectare in Ernakulam, Kerala.

The special economic zone (SEZ) sector has attracted more than $28 billion in investments in the past three-and-a-half years, in the 105 zones that are now in operation. The investment includes some $6 billion of FDI.

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Government to decide on six SEZs today