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Merchandise export continues to grow
04 Apr '07
3 min read
So far, formal approval has been granted to 234 SEZ proposals and in-principle approval to 162 SEZ proposals. Investment of the order of Rs.1,00,000 crore including FDI of US $ 5-6 billion is expected by end of December 2007 leading to creation of direct employment of 5 lakh jobs. Out of the 234 formal approvals, notifications have already been issued in respect of 63 SEZs.
In the 63 notified SEZs which have come up after 10th February 2006, investment of Rs.13,435 crore has already been made in less than one year. These SEZs have, so far, provided direct employment to 18457 persons.
With a view to ensuring healthy growth and improved productively in the plantation sector, the Government has initiated a number of measures during the year. A Special Purpose Tea Fund (SPTF) has been set up under the Tea Board for funding replantation and rejuvenation of old tea bushes with the goal of long-term development of tea industry.
The proposal is to cover an area of 2.1 lakh hectares for rejuvenation and replantation activities over a period of 15 years. To begin with, the scheme would be implemented till the end of 11th Plan (including the remaining period of 2006-07) with an estimated outlay of Rs.567.10 crore covering an area of 85044 hectares. Under the SPTF, the Government would be providing a subsidy of 25 percent of the cost.
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In the 63 notified SEZs which have come up after 10th February 2006, investment of Rs.13,435 crore has already been made in less than one year. These SEZs have, so far, provided direct employment to 18457 persons.
With a view to ensuring healthy growth and improved productively in the plantation sector, the Government has initiated a number of measures during the year. A Special Purpose Tea Fund (SPTF) has been set up under the Tea Board for funding replantation and rejuvenation of old tea bushes with the goal of long-term development of tea industry.
The proposal is to cover an area of 2.1 lakh hectares for rejuvenation and replantation activities over a period of 15 years. To begin with, the scheme would be implemented till the end of 11th Plan (including the remaining period of 2006-07) with an estimated outlay of Rs.567.10 crore covering an area of 85044 hectares. Under the SPTF, the Government would be providing a subsidy of 25 percent of the cost.
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