SEZs BOA grants 11 formal & 1 in-principle approvals

22 Jan '08

2 min read

The Board of Approval of the Special Economic Zones (SEZs) met 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 428 SEZs out of which 194 have been notified as on date.

He informed that over Rs.52193 crores have been invested in these notified SEZs. Direct employment to over 94832 persons have been provided by the new generation Special Economic Zones.

This is in addition to the employment provided by the 7 Central Government established SEZs which is over 1.81 lakh persons.

In this meeting, 19 proposals for setting up SEZs, including 2 proposals for conversion of in-principle approvals to formal approvals were considered.

The Board recommended grant of 11 Formal approvals (including 2 requests for conversion of In-Principle Approvals to Formal Approvals) and 1 In-principle approval. The proposals are:

Formal approvals:
• IT/ITES SEZ by Juventus Builders and Developers Private Limited in Raigarh, Maharashtra
• IT/ITES SEZ by Fama Estate Private Limited in Raigarh, Mahatrashtra
• IT/ITES SEZ by Rajiv Gandhi IT Park Co-operative Society Ltd, in Aurangabad, Maharashtra
• Gem and Jewellery SEZ by AEC Marketing Pvt Ltd, in Dadra Nagar Haveli
• EH and Software including IT/ITES SEZ by Sarv-Mangal Realtech Pvt Ltd at Noida, UP

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