NRI Real Estate and Property Investment in India
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Board Approves 23 SEZ Proposals
Tuesday, June 05, 2007

The suspense on the fate of some Special Economic Zones has been lifted, as the Board of Approval met last week to consider the proposals awaiting a decision, and accept new applications.

Consequently, formal approval has been accorded to 22 proposals, while 6 petitions have been granted in principle approvals. An existing in-principle approval was accorded a formal approval too.

The formal approvals include: IT/ITes SEZ by ETA Technopark in Tamil Nadu, IT/ITES SEZ by Genpact in Andhra Pradesh; Multiproduct SEZ by Gopalpur SEZ Ltd in Orissa; IT/ITES SEZ by Shivajimarg Properties, Delhi ; Biotech SEZ by GIDC, Vadodara, Gujarat; Gems and Jewellery SEZ by Shirpur Gold Refinery Limited at Dhulia, Maharashtra and 3 SEZs for Textiles, Leather and Engineering Goods by the Uttar Pradesh State Industrial Development Corporation (UPSIDC), at Kanpur.

Of the in-principle approvals granted, notable projects are: a Multi product SEZ by SRM Infrastructure and a multi services SEZ by Society for Innovative Education and Development - both at Alwar, Rajasthan and a Carpet and Handicraft SEZ by UPSIDC in Bhadohi, Uttar Pradesh.

Related Readings

23 FDI proposals meet Indian Government Approval
FDI in India Projected to Double Over in 2007-08
FDI upto $ 10 Billion in Indian Realty Expected
Reliance SEZ meets Board’s Approval

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