×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Govt grants extension to Maha Mumbai SEZ

Govt grants extension to Maha Mumbai SEZ
Comment E-mail Print Share
First Published: Wed, Aug 08 2007. 06 47 PM IST
Updated: Wed, Aug 08 2007. 06 47 PM IST
PTI
New Delhi: Government on 8 August extended the in-principle approval to Reliance Industries’ Maha Mumbai SEZ by one year and cleared IT major Infosys Technologies’ two Special Economic Zones near Hyderabad.
The initial approval for Maha Mumbai SEZ, which expired this week, was extended by the Commerce Ministry with a condition that its size should be cut to half at 5,000 hectares.
The Commerce Ministry has asked Mukesh Ambani-owned RIL to ensure that the land procurement for the project is done with the consent of the owners and no compulsory acquisition is done by the state government.
“The issue was not required to be brought to the Board of Approval and was processed by the Commerce Ministry,” Commerce Secretary G K Pillai told reporters here.
Meanwhile, the Board of Approval (BoA) cleared six fresh proposals including two of Infosys Technologies. The total number of approvals cleared by the board is now close to 550.
Of the six SEZ proposals cleared on 8 August, two were given in-principle approvals while four received formal clearances. Outsourcing major Genpact received approval for an IT SEZ in Jaipur and Enfield Infrastructure was given a green signal for an IT zone at South 24 Parganas in West Bengal.
The government has so far given 366 formal approvals and 178 in-principle nods. Another nine proposals would be taken up for clearance at the BoA’s next meeting on August 30.
Comment E-mail Print Share
First Published: Wed, Aug 08 2007. 06 47 PM IST