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All concerns of SEZs addressed in Budget: Commerce Min
Commerce and Industry Minister Anand Sharma said on Friday the Budget 2010-11 has addressed all the concerns of the SEZ units regarding continuation of sops. “There was speculations and concerns which have been settled in the new Budget that support and incentives SEZs continue without any dilution,” Sharma told reporters. SEZ unit holders and developers had raised [...]
Continue reading...Push for SEZs, retail trade sector
27. February 2010
Finance Minister Pranab Mukherjee’s push for special economic zones (SEZs) and suggestion to open up retail trade has brought the two issues back to the centre-stage of UPA politics. In his speech, Mukherjee said the Centre was committed to ensuring continued growth of SEZs to draw investments and boost export and employment. “SEZs have attracted signif- icant [...]
Continue reading...Reliance Jamnagar unit beats the heat on SEZs
25. February 2010
At a time when developers are increasingly scrapping their special economic zone (SEZ) projects, Reliance Industries’ SEZ at Jamnagar, which houses a Rs 25,000-crore refinery, emerged as the country’s largest SEZ in the current financial year, with exports crossing Rs 62,000 crore till January. “By March 2010, SEZ exports from Jamnagar refinery are expected to touch [...]
Continue reading...Ansal Revives Plan- Launching SEZ in Haryana
23. February 2010
Ansal API, the New Delhi-based real estate player that deferred plans to launch special economic zone (SEZ) projects in the National Capital Region (NCR) due to falling commercial demand in sector, is now launching an agro and food processing SEZ at Murthal in Haryana, spread over 250 acres. The developer is also looking to set [...]
Continue reading...‘Dahej SEZ may attract Rs 35K cr investment’
11. February 2010
The Special Economic Zone (SEZ) at Dahej is expected to attract an investment of up to Rs 35,000 crore, its Chief Executive Officer R J Shah said here today. “Dahej SEZ is shaping well and we expect an investment of around Rs 30,000 crore to Rs 35,000 crore. Land has been allotted to 32 industries there, [...]
Continue reading...SEZ, DLF wants to start operations
11. February 2010
PLEA FOR ALTERATIONS IN LAND FOR IT SEZ TOO TO COME UP BEFORE BOARD TODAY DLF Cyber City Developers Limited, a subsidiary of M/s DLF Limited, has sought approval of the SEZ’s Board of Approval for starting authorised operations on 32,000 square metre in the non-processing area of its 10.73 hectare IT/ITSEZ in DLF Cybercity, Gurgaon. The [...]
Continue reading...Indiabulls to develop 2,500-acre SEZ near Nashik
7. February 2010
Diversified entity Indiabulls Group will develop a Special Economic Zone (SEZ) at Sinnar near Nashik in association with the Maharashtra Industrial Development Corporation. The SEZ, which is to be located in the industrial corridor of Nashik, Sinnar and Igatpuri, will be spread over 2,500 acres, Kishore Gajabhiye of Indiabulls, who is heads the project, told reporters [...]
Continue reading...Realty lure: SEZ promoters seek denotification
4. February 2010
Hyderabad: The ‘realty’ of Special Economic Zones is now surfacing. Three developers from the state, Indu Techzone, Emaar Hills Township and Sundew Properties, who were setting up IT/ITES SEZs in Ranga Reddy district, have asked the ministry of commerce to denotify part of their SEZ land citing recession as the reason. Seeking de-notification is essentially a [...]
Continue reading...Ansal API revives SEZ as IT perks up
4. February 2010
With the economy showing strong signs of recovery and the IT sector posting good results, Ansal API has revived its plans to develop a special economic zone (SEZ) for IT services. The Delhi-based developer has planned an investment of Rs 1,320 crore towards its SEZ in Greater Noida and an IT office space complex in Noida. The [...]
Continue reading...SEZ Act needs overhaul: CBEC
28. January 2010
The Central Board of Excise and Customs (CBEC) has recommended an overhaul of the Special Economic Zone (SEZ) Act 2005 saying it has detected gross violations of duty and tax concessions causing it to suffer a revenue loss of Rs 1,75,000 crore to date. Broadly, the CBEC report has sought the removal of numerous exemptions, drawbacks [...]
Continue reading...India’s First Water Theme Based IT Park Gets SEZ Status
7. January 2010
The Centre has notified the 33 acres of land identified for the Infopark at Ambalappuzha as a Special Economic Zone. IT Secretary Ajay Kumar said the decision was taken at a meeting of the Board of Approvals for SEZ of the Union Ministry of Commerce in New Delhi. “The Infopark will be developed as the first [...]
Continue reading...In a first, Maha asks Videocon to shift SEZ
1. January 2010
Offers 2,000 acres in Pune’s Saswad taluk. The Maharashtra government has offered 2,000 acres to Videocon Group for the development of a multi-purpose special economic zone (SEZ) in Pune’s Saswad taluk. This comes close on the heels of Wednesday’s decision to withdraw permission to the Rs 20,000-crore Group for setting up an SEZ in adjacent Wagholi [...]
Continue reading...Govt Initiates Green SEZ Plans
20. December 2009
The government has proposed that all SEZs should meet at least 25 per cent of their lighting needs through solar energy, a move that will go a long way in making SEZs green, even as consensus eludes climate change talks in Copenhagen. “At least 25 per cent of the installed external lighting load should be [...]
Continue reading...RIL in talks for stake sale in Haryana SEZ
10. December 2009
With an aim to rope in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to be in talks with IL&FS and a couple of other players for part-sale of its stake. The discussions are being held with infrastructure development and finance major IL&FS as also with some other potential partners [...]
Continue reading...RIL withdraws SEZ plea from apex court
8. December 2009
The Mukesh Ambani-led Reliance group on Monday unexpectedly withdrew the special leave petition (SLP) it had filed before the apex court against a high court order over the acquisition of land for the multi-crore SEZ project in Raigad district. While the Reliance group spokesperson refused to comment on the development, Mahamumbai Shetkari Sangharsha Samiti lawyer Sunil [...]
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27. February 2010
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