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TCS, Cognizant get govt clearance for SEZ

TCS, Cognizant get govt clearance for SEZ
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First Published: Thu, Aug 30 2007. 08 04 PM IST
Updated: Thu, Aug 30 2007. 08 04 PM IST
By PKS
New Delhi, 30 August The government today cleared 27 proposals for special economic zones, including those of Tata Consultancy Services and Cognizant Technology.
The Board of Approval, which met here to consider 31 proposals, gave formal approval to 20 SEZs, including TCS and Cognizant, and in-principle nod to seven, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting.
Tata Consultancy Services proposes to set up a 30.35 hectare IT zone in Ranga Reddy District of Andhra Pradesh, while Cognizant Technology Solutions has plans to establish a 16-hectare IT SEZ.
BoA has also formally cleared an SEZ proposal by Nagaland Industrial Development Corporation to set up agro and food processing zone in Nagaland.
With these approvals, the government has formally approved more than 360 SEZs. It has notified 142 SEZs, in which over Rs 46,705 crore have already been invested.
The next meeting of BoA is scheduled on 18 September.
The proposals that have got in-principle nod include Gitanjali Gems’ 102-hectare gems and jewellery zone and a 1,000 hectare multi-product project in Maharashtra.
Welspun’s 121-hectare engineering product zone and Gujarat Hydrocarbon and Energy SEZ Ltd’s proposal to set up a 220-hectare project in the energy and petrochemical sector in Gujarat were also given in-principle approval.
The number of proposals which are given in-principle nod stands at 185.
Proposal of AEC Marketing for a gems and jewellery zone in Dadra and Nagar Haveli and Anant Raj Industries’ 10-hectare IT zone in Haryana were not considered as authorities in the respective regions withdrew their permissions.
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First Published: Thu, Aug 30 2007. 08 04 PM IST