Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Home-page / Govt defers decision on Ambani SEZ, gives nod to Tatas
BackBack

Govt defers decision on Ambani SEZ, gives nod to Tatas

Govt defers decision on Ambani SEZ, gives nod to Tatas

Premium

By PTI

New Delhi: The government deferred a decision on Mukesh Ambani-promoted Navi Mumbai SEZ on objections from the Revenue Department but cleared the Tata’s long pending Gopalpur SEZ project in Orissa.

The Board of Approval (BoA) deferred a decision on the multi-product Navi Mumbai SEZ as the Revenue Department had serious reservations about the fencing of five villages and water bodies that fall in the zone.

Moreover, Jawaharlal Nehru Port Trust has raised objections on the ground that national highway passing through Navi Mumbai SEZ is proposed to be upgraded to four-lane.

“We are seeking comments from the state government and promoters on the report of the Revenue Department," Commerce Secretary and BoA Chairman Gopal K Pillai said. The matter is expected to come up again at the Board’s next meeting on 22 June.

The BoA approved the Gopalpur SEZ promoted by Tatas that will come up on more than 1,173 hectares of land. The clearance was delayed earlier as the BoA wanted approval from security agencies since the project is located close to a crucial military establishment.

In all, 24 SEZs were given formal approval and six were given in-principle clearance. Decisions on five zones in Uttar Pradesh, where a new government has assumed office, were deferred but two in Kanpur promoted by state government agencies were cleared. Two SEZ proposals from Madhya Pradesh were also deferred but one in Chhindwara, Commerce Minister Kamal Nath’s constituency, was cleared.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 31 May 2007, 04:54 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App