Board of approval gives nod to operations of 30 notified SEZs

TIMES NEWS NETWORK[ SATURDAY, FEBRUARY 03, 2007 02:36:59 AM]

NEW DELHI: The board of approval (BoA) on special economic zones (SEZs)
has accorded co-developer status to a number of developers of notified
SEZs including Motorola and Foxconn, Mahindras and Ascendas and Petronet
LNG and Kochi Port Trust. In a meeting on Friday, the BoA also approved
authorised operations for 30 notified SEZs.

Although the empowered group of ministers (eGoM) on SEZs had frozen
fresh approvals of SEZs as well as notifications of approved SEZs in its
meeting last week, the commerce department had managed to get its
permission to hold BoA meetings to give required clearances to the 63
notified SEZs. Notified SEZs cannot start operations till their
authorised operations are approved by the BoA. SEZs being developed by
more than one developer need to get a co-developer status from the BoA.
In Friday’s meeting of the BoA, co-developer status was accorded to
Motorola India and Foxconn India Developer for the SIPCOT SEZ at
Sriperumbadur, Chennai. Authorised operations in respect of these
co-developers were also approved.

Co-developer status was also granted to the three co-developers in the
Mahindra world city SEZ in Chennai, including Mahindra Integrated
Township, Mahindra Holiday Resorts and Ascendas Mahindra IT Park
Private. Petronet LNG was approved as a co-developer in Cochin Port
Trust while Integrated Warehousing Kandla Project Development Private
Ltd was given co-developer status for a free trade warehousing zone in
Kandla SEZ.

Others to get co-developer status include Leela Lace Holdings Pvt Ltd as
co-developer in Info Park SEZ at Kochi and DLF Assets Pvt Ltd as
co-developer in the DLF Info City Developers (Chennai), IT/ITES SEZ in
Ramapuram, Chennai .

IT and ITES SEZs which got clearances for authorised operations include
HCL Technologies Ltd at Noida, Quarkcity India Pvt Ltd at Mohali, Wipro
Ltd in Pune, M L Dalmiya and Co Ltd at Kolkata, Ansal IT City and Parks
Ltd at Greater Noida and Satyam Computers Services Ltd at Bahadurpally
Village, Andhra Pradesh.

Other SEZs which received clearances for authorised operations include
Zydus Infrastructure Pvt Ltd’s pharmaceuticals SEZ at Gujarat, MIDC agro
products SEZ at Latur, Maharashtra, Fab City SPV (India) Limited for a
sector specific SEZ for manufacturing and developing semiconductor
facility at Hyderabad and Whitefield Paper Mills Limited for writing and
printing papermill SEZ at Godavari District, Andhra Pradesh.

The BoA cannot take up fresh SEZ proposals for consideration till the
eGoM holds its next meeting and takes a view on a number of issues
including land acquisition by states and possible ceilings and caps on
SEZ numbers. A decision to freeze all fresh proposals and notifications
was taken by the eGoM last week following wide-scale protests from
farmers and various political parties over land-acquisition.

http://economictimes.indiatimes.com/News/Economy/Infrastructure/Board_of_approval_gives_nod_to_operations_of_30_notified_SEZs/articleshow/1556715.cms