In-principle approval for Salim Group SEZ

Our Bureau

8 SEZs granted formal approval

New Delhi , Oct. 6

Two multi-product SEZs in West Bengal promoted by the Salim Group of
Indonesia with an investment of Rs 12,500 crore and an Aluminium SEZ by
Hindalco Industries in Sidhi district in Madhya Pradesh are among the
major SEZs that were granted in-principle approval by the Commerce
Ministry here today.

At its meeting held here under the Chairmanship of Commerce Secretary,
Mr Gopal K. Pillai, the board gave formal approval for 8 SEZs and 17
in-principle approvals. With this, total number of formal approvals
comes to 189 and in-principle approvals to 146.

Formal approvals

The Hindalco Industries Ltd SEZ proposal includes manufacture and export
of aluminium and aluminium products and a 750-mw power plant with the
entire SEZ spread over an area of 2,025 hectares.

Among the 8 SEZs that were accorded formal approval, notable ones
include Lotus Footwear Enterprises Ltd for manufacture of footwear in a
SEZ spread over 113.34 hectare, followed by Suzlon Infrastructure Ltd in
Coimbatore for high-technology product in an SEZ spread over 107.28
hectare.

The rest of the five SEZs that were granted formal approval would
manufacture IT/ITeS SEZs, while a private developer is to put up an SEZ
for manufacture of software including ITeS in Kancheepuram in Tamil Nadu.

Among the 17 SEZs that were granted in-principle approval are three
proposals from Videocon Realty and Infrastructures Ltd for setting up
two multi-products with a combined area of 2,080 hectares and one
Electronics SEZ (144 hectares) in West Bengal; one SEZ by Best and
Crompton for Textile and Apparel Parks in Krishnagiri district of Tamil
Nadu; one multi-product SEZ by Tamil Nadu Industrial Development
Corporation (TIDCO) in Perambular spread 1,225 hectares; one
multi-product SEZ by Adani Exports Ltd in Alwar district, Rajasthan
spread over 1,000 hectares; and a 4,050 hectares multi-product SEZ by
Writers and Publishers Ltd in Indore, Madhya Pradesh.

http://www.thehindubusinessline.com/2006/10/07/stories/2006100704180900.htm