Govt to consider 15 new SEZ proposals

Govt to consider 15 new SEZ proposals
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First Published: Thu, May 29 2008. 03 23 PM IST
Updated: Thu, May 29 2008. 03 23 PM IST
PTI
New Delhi: The government will on 4 June to consider 15 new proposals for setting up Special Economic Zones(SEZs), of which 11 are for IT, ITeS and electronic hardware.
The proposals, including those of Larsen and Toubro and Deccan Infrastructure and Land Holdings Ltd, will be taken up by the Board of Approval (BoA) for SEZ, chaired by Commerce Secretary Gopal K Pillai.
Six of the applications relating to different sectors belong to Hyderabad-based Deccan Infrastructure. Larsen and Toubro proposes to set up a 15-hectare IT zone in Gujarat.
The BoA would also consider conversion to formal approval, the in-principle nod to SEZ proposals of Gremack Infrastructure Equipments and Projects, Maharashtra Industrial Development Co-operation (MIDC) and Essel Infar projects in Maharashtra.
After passage of the new SEZ Act, the government has given formal approval to 428 SEZs despite the Finance Ministry raising concern over loss of revenue because of tax exemptions to the units in these zones. For receiving formal approvals, the proposals have to get consent of the state government.
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First Published: Thu, May 29 2008. 03 23 PM IST