The Ministry of Commerce and Industry, Department of Commerce, vide Notification F. No. K-43013(12)/1/2021-SEZ, dated November 7, 2023, notified amendment to the Special Economic Zones Rules, 2006, made
Paradip: Legally speaking, the state government cannot acquire lands for the Posco project, nor can construction work be started at the designated site as the project has no environment clearance in hand, official sources said. "The Environment Impact Assessment (EIA) notification, 2006, forbids activity of any nature at the site without environmental clearance," a senior official in the industry department said on Wednesday, quoting the existing law. He described the latest episode of the state government demolishing betel vines of farmers in the proposed plant site as 'highly illegal' and 'unconstitutional'.
Adani Ports and SEZ (APSEZ) has sought fresh approval from the government for 1,840 hectare multi-product special economic zone, which was denotified in October due to non-conformity with SEZ rules. "We have sought permission for a new SEZ and have made several representations to the government. We hope to get the approval in the present quarter itself," APSEZ's Chief Financial Officer B Ravi said. Government sources said meanwhile that the Board of Approval (BoA), the apex body for SEZs, has not yet taken up the matter.
Shubhangi Khapre:SEZs were the mainstay of the last industrial policy. Where did the government fail? BG:The SEZ subject is based on the premise of creating an entirely new entity meant to promote exports, brought to make industry more competitive. It was perceived as “anti-farmer”. Maharashtra had started 144 SEZs. In the meantime, due to opposition, the Centre introduced tax changes and imposed minimum alternate tax and dividend distribution tax on SEZ companies. Though the SEZ concept remained, it became non-viable. The question arose what to do with the land locked in SEZs, whether it can be put to good industrial use. The new industrial policy provides an option.
The Ministry of Commerce & Industry, Department of Commerce has formulated a ‘Draft Policy on Units in Special Economic Zones (SEZs) carrying on recycling of plastic scarp or waste’.
To Make Project Meet Global Standards Kochi: The master plan of SmartCity Kochi will be altered to add more facilities to attract more international IT firms and also to suit the lifestyle of techies from developed countries. SmartCity authorities took this decision at a workshop held to finalize the master plan. The workshop concluded in Dubai on Wednesday. Experts from the UK, USA, Dubai and India recommended the changes considering the suggestions made by the SEZ board, which accorded SEZ status to the project.
Residents of five villages in Gurgaon whose land was acquired seven years ago by the Haryana Government for setting up of a Special Economic Zone (SEZ) by Reliance India Limited (RIL) have been on “dharna” at Garoli Khurd village for over a month demanding that their land be returned as the project has been shelved. Over 2,000 families are learnt to have been affected by the land acquisition. “The Haryana Government had acquired over 1,300 acre land belonging to five villages- Garoli Khurd, Harsaru, Mohammadpur, Khandra and Narsinghpur- in 2006 for setting up industry and handed it over to Reliance for setting up of SEZ. But now that the SEZ project has been shelved, we want our land back.
Reliance Industries on Friday won government approval to de-notify over 40% of its Special Economic Zone (SEZ) in Gujarat as it plans R45,000 crore projects in that area to cater to domestic market. An official said RIL’s proposal was approved at the meeting of Board of Approvals (BoA) SEZ subject to the company obtaining a NoC from the state government for the denotification.
The Land Acquisition, Resettlement and Rehabilitation Bill is an attempt to circumvent the hurdles before acquisition, such as rehabilitation of land losers, without much increasing the cost of land.
Mumbai: The state government has decided to permit use of no-development zones (NDZs) for industrial, commercial and residential activity in the exit policy for special economic zones (SEZs). A basic floor space index (FSI) of 0.5 on the gross area will be permitted in NDZ areas. As an exit route, the state’s new industrial policy permits conversion of denotified SEZs more than 100 acres to integrated industrial areas (IIAs).
NCP ministers warn CM against opening prime land for real estate development NCP vehemently opposed the new Maharashtra industrial policy Wednesday, saying it was an opportunity for big developers to grab land at a throwaway price on the excuse of promoting industry. At a cabinet meeting that okayed the policy, senior NCP ministers Chhagan Bhujbal, Jayant Patil and R R Patil questioned its real objective. All other NCP ministers and even some Congress ministers supported the three who kept arguing for almost four hours.
