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EGOM likely to solve pending issues of SEZ
24 Jan '07
1 min read
Apprehensions have been expressed by the SEZ Developers and other stakeholders regarding the future of investments made by them in relation to the SEZ projects.
The apprehensions are primarily based on media reports highlighting the decisions of the Empowered Group of Ministers (EGOM).
However, as highlighted in some of the media reports, the EGOM meeting held on 22nd January 2007 to review the status of SEZ approvals (as per decision taken in 23rd August 2006 EGOM meeting) was inconclusive.
It is only pending decision by the EGOM that the new approvals and notifications have been temporarily held in abeyance. The EGOM is expected to meet shortly and final decisions would then be taken on all pending issues.
The apprehensions are primarily based on media reports highlighting the decisions of the Empowered Group of Ministers (EGOM).
However, as highlighted in some of the media reports, the EGOM meeting held on 22nd January 2007 to review the status of SEZ approvals (as per decision taken in 23rd August 2006 EGOM meeting) was inconclusive.
It is only pending decision by the EGOM that the new approvals and notifications have been temporarily held in abeyance. The EGOM is expected to meet shortly and final decisions would then be taken on all pending issues.
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