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BoA grants 24 formal & 4 in-principle approvals
03
Jan '08
The Board of Approval of the Special Economic Zones (SEZs) met on 2nd January 2008 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.

Addressing the Board of Approval members, the Chairman informed that so far formal approvals have been granted for setting up of 404 SEZs out of which 187 have been notified as on date.

He informed that over Rs.52193 crores have been invested in these notified SEZs and that these SEZs are providing direct employment to over 59356 persons.

Employment to over 35477 persons have also been provided by the new generation private sector/State Government SEZs which came up prior to the SEZ Act.

This is in addition to the employment provided by the 7 Central Government established SEZs which is over 1.75 lakh persons.

In this meeting, 44 proposals for setting up SEZs, including 7 proposals for conversion of in-principle approvals to formal approvals were considered.

The Board recommended grant of 24 Formal approvals and 4 In-principle approvals: Prominent among them are:

• Formal approvals:
- Sector-specific Steel SEZ in Tamil Nadu by M/s SAIL Salem SEZ Private Limited.
- Electronic Hardware SEZ in Tamil Nadu by M/s Best & Crompton Engineering Limited.
- IT/ITES SEZ in Uttar Pradesh by M/s Unitech Hi-tech Projects Private Limited.
- Multi Product SEZ in Andhra Pradesh by Indian Farmers Fertilizer Cooperative Limited (IFFCO).

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