Number of notified SEZs cross 100
PTI[ TUESDAY, MAY 01, 2007 07:00:46 PM]
NEW DELHI: Special Economic Zones of Bajaj Auto and Ranbaxy are among
the 37 SEZs notified since the freeze was lifted on April 5, taking the
total number to 100.
"As on May 1, a total of 100 of the 234 SEZs that had received final
approval, have been notified," a senior government official said.
These include SEZs of Bajaj Auto, Ranbaxy, Mahindra and Wockhardt, he said.
The official said in the coming six months 100 more SEZs from among
those who have final approvals would be notified.
According to sources, 50 SEZs are likely to become operational by July.
At present, only 19 zones that were set up after the SEZ Act 2006 are
functional.
So far, an investment of Rs 13,435 crore has been made in the SEZs and
18,457 jobs created.
They said if all the 234 SEZs with final approval become operational by
2009, they would attract investment of Rs 3,00,000 crore and create 40
lakh jobs.
Exports by units in SEZs this year is expected to touch Rs 67,300 crore
and could cross Rs 100,000 crore by 2009.
However, this figure is likely to exceed as the applications for setting
up more SEZs continue to flow in. At the last count, more than 350
proposals were pending before the Board of Approval.
Apart from fresh applications, around 162 cases with in-principle
approvals are pending before the Board.
In its meeting next week, the BoA will consider 19 proposals with
in-principle approval for granting final clearance.
NEW DELHI: Special Economic Zones of Bajaj Auto and Ranbaxy are among
the 37 SEZs notified since the freeze was lifted on April 5, taking the
total number to 100.
"As on May 1, a total of 100 of the 234 SEZs that had received final
approval, have been notified," a senior government official said.
These include SEZs of Bajaj Auto, Ranbaxy, Mahindra and Wockhardt, he said.
The official said in the coming six months 100 more SEZs from among
those who have final approvals would be notified.
According to sources, 50 SEZs are likely to become operational by July.
At present, only 19 zones that were set up after the SEZ Act 2006 are
functional.
So far, an investment of Rs 13,435 crore has been made in the SEZs and
18,457 jobs created.
They said if all the 234 SEZs with final approval become operational by
2009, they would attract investment of Rs 3,00,000 crore and create 40
lakh jobs.
Exports by units in SEZs this year is expected to touch Rs 67,300 crore
and could cross Rs 100,000 crore by 2009.
However, this figure is likely to exceed as the applications for setting
up more SEZs continue to flow in. At the last count, more than 350
proposals were pending before the Board of Approval.
Apart from fresh applications, around 162 cases with in-principle
approvals are pending before the Board.
In its meeting next week, the BoA will consider 19 proposals with
in-principle approval for granting final clearance.
posted by Sudarshan Rodriguez at 6:47 AM
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