BoA grants 8 formal and 2 In-Principle Approvals
The Board of Approval of the Special Economic Zones (SEZs) met on
Addressing the Board of Approval members, the Chairman informed that so far 568 formal approvals have been granted for setting up of SEZs out of which 315 have been notified. He further informed that over Rs.1, 08,903 crore have been invested in the Special Economic Zones during this short span of time and direct employment of the order of 3, 87,439 persons has been generated in the Special Economic Zones. Total export of Rs.99,689 crore have been made from SEZs during the financial year 2008-09 registering a growth of about 50% over the exports made during the year 2007-08.
In this meeting, 18 proposals for setting up of SEZ were considered. The Board recommended grant of 8 Formal approvals and 2 In-Principle Approvals.
Formal Approvals:
Three Biotech SEZs one each in Andhra Pradesh, Karnataka and
Three IT/ITES SEZs in Kerala, one each in Karnataka and
In-Principle Approvals:
Multi product SEZ in Andhra Pradesh
Multi services SEZ in
Among other items, 4 proposals for grant of co-developer status were also approved.
Proposals for setting up of the SEZs approved in the meeting of BoA held on |
|||||||
S. No |
Name of the Developer |
Location |
State |
Sector |
Area (in hectares) |
Status |
|
|
Formal Approval |
|
|
|
|||
1 |
Gulf Oil Corporation Ltd. |
Kattigenahalli and Venkatala villages, Yelahanka Hobli, |
KN |
IT/ITES/BPO/Electronic Hardware |
12 |
FA |
|
2 |
Gopalan Enterprises India Pvt. Ltd. |
Kundalahalli and Nallurahalli villages K.R. Puram Hobli, |
KN |
Biotech |
10.95 |
FA |
|
3 |
Real Griha Nirman Pvt. Ltd. |
Hindupur, Ananthapur District, Andhra Pradesh |
AP |
Biotech SEZ |
28.34 |
FA |
|
4 |
MM Tech Towers |
|
KL |
ITES |
11.15 |
FA |
|
5 |
Emaar MGF Land Ltd. |
Chengamanadu, Alwaye, Kerala |
KL |
IT related SEZ |
12.17 |
FA |
|
6 |
Yashprabha Enterprises |
A.P. Pathardi, Taluka - Chiplun, Dist. Ratnagiri, |
MH |
Biotechnology |
10.36 |
FA |
|
7 |
Larsen & Toubro Ltd. |
Powai, Mumbai, |
MH |
IT/ITES |
10 |
FA |
|
8 |
Sutherland Global Services Private Limited |
Kalamassery, |
KL |
IT/ITES |
10.1175 |
FA |
|
|
In-Principle Approval |
|
|||||
1 |
Krishnapatnam Infratech Private limited |
Chillakur and |
AP |
Multi product |
1062 |
IP |
|
2 |
Maharaja Multitrade Pvt. Ltd. |
Village Taloshi, Taluka Igatpuri, District Nashik, |
MH |
Multi services |
106.755 |
IP |
RJ/MRS
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"