Dr Reddy’s, Hinduja Investments get SEZ nod

ECONOMY BUREAU
Posted online: Wednesday, October 11, 2006 at 0000 hours IST




NEW DELHI, OCT 10: The Centre on Tuesday granted in-principle approvals
to two proposals of Dr Reddy’s Laboratories Ltd to set up pharmaceutical
special economic zones (SEZs) in Andhra Pradesh and Hinduja Investments’
plan for a textile and apparel SEZ in Bangalore.
Out of the 83 proposals for establishing SEZs in Chhattisgarh,
Karnataka, Kerala, Andhra Pradesh, Madhya Pradesh and Assam, 26 formal
approvals and 8 in-principle approvals were granted in Tuesday’s meeting.

With this, the total number of formal approvals for SEZs granted so far
is 212. In addition, in-principle approvals for 152 SEZs have also been
given.

As FE reported on Monday, the first proposal to set up an SEZ in the
northeast was deferred due to the home ministry’s objections on security
grounds.

The developers Shyam Burlap Co Ltd had proposed to develop a
1012-hectare multi-product SEZ at Kamrup district in Assam.

Notable among the formal approvals are: Karnataka Industrial Areas
Development Board for food processing and related services, and
pharmaceutical SEZs, Shree Renuka Sugars Limited in Belgaum for
integrated sugarcane processing SEZ, Parsvnath Developers Limited for an
IT/ITES SEZ at Ernakulam in Kerala, TCG Urban Infrastructure Holdings
Limited for a biotechnology SEZ in Cochin and APIIC for a biotech SEZ in
Medak district.

http://www.financialexpress.com/fe_full_story.php?content_id=143010