Govt nod to 11 new SEZshttps://indianexpress.com/article/news-archive/web/govt-nod-to-11-new-sezs/

Govt nod to 11 new SEZs

The government signed off on 11 new special economic zones (SEZ),led by new investments by Infosys and Wipro.

The government signed off on 11 new special economic zones (SEZ),led by new investments by Infosys and Wipro. During its monthly meeting here today,the inter-ministerial Board of Approval (BoA) also approved India’s largest stainless steel producer JSL’s withdrawal of its sector-specific SEZ in Orissa.

Infosys Technologies’ IT SEZ would come up in an area of 24.4 hectares in Karnataka,while Wipro Ltd got approval to set up two IT/ITeS tax-free enclaves over 19.4 and 29.9 hectares in the state,said Commerce Additional Secretary DK Mittal added.

The BoA also gave the green light to Jawaharlal Nehru Port Trust’s port-based multi-product SEZ in Mumbai while allowing real estate giant Raheja Universal Ltd’s request to surrender its SEZ in Maharashtra,Mittal said.

The Centre has also given additional time to 37 SEZ developers,including Wipro,Mahindra and Mahindra and Ansal SEZ Projects,to execute their projects,he said. The BoA,however deferred a decision on formulation of norms for SEZ units engaged in recycling of plastic.