SEZ board allows firm to withdraw A’bad textile projecthttps://indianexpress.com/article/cities/ahmedabad/sez-board-allows-firm-to-withdraw-abad-textile-project/

SEZ board allows firm to withdraw A’bad textile project

Board of Approval for the Special Economic Zone on Friday gave a go-ahead to the Ahmedabad-based M/s Pradip Overseas Limited for withdrawing their plan to set up a textile SEZ in Bawala taluka of Ahmedabad district.

Board of Approval for the Special Economic Zone (SEZ) on Friday gave a go-ahead to the Ahmedabad-based M/s Pradip Overseas Limited for withdrawing their plan to set up a textile SEZ in Bawala taluka of Ahmedabad district. A senior state government officials,who deals with the subject,confirmed the development.

The Board agenda put on its website noted that,“M/s Pradip Overseas Limited was granted formal approval for setting up of a sector specific SEZ for textile at village Bhamasra,Taluka Bawla,district Ahmedabad,Gujarat,over an area of 109.48 hectares,bide LoA dated 24th November,2008. The SEZ is yet to be notified. Now,the developer has stated that due to change in the terms and condition specially imposing MAT in the SEZ units,the textile SEZ is not remained the viable option for the participating entrepreneur.

“They are not receiving any response from the textile entrepreneurs of the country for participation in the textile SEZ. The developer has also stated that they have not approached to GOI for issuing a notification of the land for the said SEZ. The recommendation of DC KASEZ is awaited.”