Salim group, Videocon, Hindalco get nod for SEZs

ECONOMY BUREAU
Posted online: Saturday, October 07, 2006 at 0000 hours IST

NEW DELHI, OCT 6: The Centre has approved Indonesia’s Salim group’s
proposal to set up two SEZs in West Bengal with a total investment of Rs
12,500 crore. It also approved 24 other proposals including Hindalco’s
aluminium SEZ in Madhya Pradesh and Videocon’s electronics SEZ in West
Bengal.
The eight formal approvals given by the board of approvals (BoA) for
SEZs on Friday has taken the number of approvals to 189. With 17
in-principle nods, the number of such approvals has reached a 145 mark.
Formal approvals were given to proposals including Suzlon’s
non-conventional energy SEZ in Tamil Nadu.

A total of 88 proposals were considered on Friday for SEZs in various
states like Rajasthan, West Bengal, Madhya Pradesh and Tamil Nadu.

Salim group-promoted New Kolkata International Development Pvt Ltd has
proposed to set up one multi-product and one chemical SEZ. The proposed
SEZs will come up in an area of around 9,000 hectares.

Videocon Realty and Infrastructures Ltd’s three proposals for two
multi-products and one electronics SEZ in West Bengal will be spread
over 2224 hectares, while Hindalco Industries’s aluminium SEZ in Sidhi
district in Madhya Pradesh will be in an area of 2,025 hectares.

Suzlon Infrastructure Ltd’s SEZ for high-tech engineering, including
non-conventional energy equipment, in Coimbatore, Tamil Nadu will come
up in 107 hectares.

A proposal from Lotus Footwear Enterprise, contract manufacturers for
Nike shoes, to set up an SEZ at Thiruvannamalai in Tamil Nadu in 111
hectares also got a formal nod.

In-principle nods were also given to Best and Crompton’s proposal for a
120 hectares textile and apparel park in Tamil Nadu, Writers and
Publishers Ltd’s 4,050 hectares multi-product zone in Madhya Pradesh and
Adani Exports Ltd’s 1,000 hectare multi-product SEZ in Rajasthan.

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