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Union ministry to approve SEZs worth Rs.58,000 crore

Saturday, 27 May 2006
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The Union Ministry of Commerce and Industry is planning to approve approximately Rs.58,000 crore of new SEZs by June 2006.

It is learnt that, till date 67 SEZs has been approved and out of it,16 has become functional. Around 52 cases are pending for a formal approval.

Regarding the proposed investment by Singapore Government in an SEZ, representatives of the Singapore government is in talks with state governments of West Bengal, Tamil Nadu, Maharashtra, Gujarat and Andhra Pradesh.

The West Bengal government is also planning to set up a multi-product SEZ over a 15,000 acre of land and the government has received applications from DLF, Unitech, Riverside Holdings, ML Dalmiya & Co's IT and leather complex, for SEZs in West Bengal.

Also see:

Govt clears Rs.1,00,000 crore investment in SEZs (18-Mar-06)

 

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