Govt to notify 100 more SEZs by March 2008

PTI[ FRIDAY, MAY 04, 2007 06:30:32 PM]

LUDHIANA: The Centre has decided to notify 100 more special economic
zones by the end of this financial year, a top commerce ministry
official said.
"By the end of this year, we would be notifying 100 more SEZs," Commerce
Secretary G K Pillai told reporters here, adding of these, 40 would be
notified by the end of May.
Pillai said the government has so far formally approved 234 SEZs with an
expected investment of Rs 3,00,000 crore. Out of these, the Centre has
notified 100 SEZs so far, he said.
"The government expects to attract an investment of Rs 1,00,000 crore in
SEZ and provide employment to five lakh people by the end of this
financial year," he said.
During the last 15 months, such zones have attracted an investment of Rs
28,000 crore and create 27,000 jobs, he said.
Pillai, who was here to attend a meeting with exporters of Punjab,
Haryana and Chandigarh, said of 11 applications from Punjab, four have
been formally approved, while the remaining have been given in-principle
clearance.
Out of these four SEZs, Quark City and Ranbaxy are setting up two zones
in Mohali with an investment of Rs 4,500 crore and Rs 700 crore
respectively.
"Quark city would offer employment to 35,000 people while Ranbaxy would
offer jobs to 1,200 people," he said.

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