BoA clears 14 new SEZs
The Board of Approval (BoA) of the Special Economic Zones (SEZs) on Monday cleared 14 new proposals, including ten formal approvals. While two SEZs each have been cleared in Tamil Nadu and Rajasthan, one each will come up in Maharashtra, Haryana, Andhra Pradesh, West Bengal, Madhya Pradesh and Gujarat. The BoA granted formal approvals to two SEZs of the State Industries Promotion Corporation of Tamil Nadu Ltd. (SIPCOT), one for transport engineering goods at Tirunelveli and another of automobile and auto ancillary at Thiruvannamalai. Similarly, two SEZs of Mahindra Worldcity (Jaipur) Ltd. of handicrafts and light engineering at Jaipur were given formal approvals. Other SEZs cleared include an information technology SEZ by Videocon Realtors and Infrastructure Ltd. at Jalpaiguri in West Bengal, IT SEZ by Devbhumi Realtors Pvt. Ltd. at Ranga Reddy District in Andhra Pradesh, pharmaceuticals SEZ by JB SEZ Pvt. Ltd. at Panoli in Gujarat and Power SEZ by Wardha Power Company at Chandrapur in Maharashtra. According to Commerce Secretary G. K. Pillai, who also heads the Board of Approval, so far formal approvals have been granted for setting up of 439 SEZs out of which 201 have been notified as on date. The Commerce Secretary said that over Rs. 67,347 crore had been invested in these notified SEZs, giving direct employment to 97,478 persons, which is in addition to the employment provided to 1.83 lakh persons by the seven Central Government established SEZs.
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