Wednesday, February 14, 2007

State ready to provide alternative land for SEZs

Priscilla Jebaraj

SIPCOT land may be offered in case Centre continues its freeze

CHENNAI: The Tamil Nadu Government is ready to provide alternative land
options to investors in case the Centre continues its freeze on SEZ
approvals and notifications, according to S. Balasubramanian, General
Manager of the State Industries Promotion Corporation of Tamil Nadu
(SIPCOT).

Speaking to The Hindu on the sidelines of a FICCI summit here on Monday,
Mr. Balasubramanian said that SIPCOT land could be offered to companies,
which had planned to invest in various SEZs across the State. SIPCOT
owns 2,000 acres in Gangaikondan and Bargur, which could be utilised for
this purpose.

State under

pressure

With Tamil Nadu having actively wooed investors, both domestic and
global, Mr. Balasubramanian admitted that the government is under
pressure from a number of companies, including the Singapore-based
Ascendas, who have had to put their operations on hold.

The SEZ policy stalemate has been going on since the empowered Group of
Ministers on SEZs put a freeze on approvals and notifications on January
22, following protests from political parties and farmer groups over
forcible land acquisition by States.

Even SEZs which had acquired land and received formal approvals were put
on hold.

http://www.hindu.com/2007/02/13/stories/2007021306250800.htm

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