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Board of Approval meets to consider proposed SEZS

22
Jun '07
The Board of Approval (BOA) of the Special Economic Zones (SEZs) met here to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.

In this meeting, 53 applications for setting up SEZs were considered and 36 Formal approvals and 9 In-principle approvals were granted.

Prominent among the Formal approvals are: Gem and Jewellery SEZ by Omnibus Industrial Development Corporation of Daman & Diu and Dadra & Nagar Haveli in various Districts of Tamil Nadu and MAS Fabrics Textile SEZ in Andhra Pradesh which is being developed with 100% FDI.

Prominent In principle approvals granted are : Engineering Equipment & Components SEZ and a Multi Product SEZ by TIDCO in Tamil Nadu; Multi product SEZ by DLF Limited in Rajasthan; Aerospace related industries SEZ by KIADB in Karnataka.

The Chairman of BOA Shri G.K.Pillai, apprised the Members of the Board that the Central Government has issued certain instructions with regard to approval of SEZs and the land acquisition for SEZs and the Chief Secretaries of all the State Governments have been informed that the State Governments would undertake acquisition of land for SEZs only when 100% of the owners give consent.

The State Government representatives were informed that if any proposal for compulsorily acquired land comes up, the same would not be notified as SEZ.

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Press Information Bureau Government of India


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