Wednesday, June 3, 2009

Government Clears 9 SEZs, By And Large IT - June 03, 2009

The government on Tuesday gave a green signal to the fresh proposals for setting up the special economic zones. However, most of the proposals related to IT and ITES followed by the bio-technology sector.

The Board of Approval in the Commerce Ministry gave its nod to Gulf Oil Corporation as well as L & T, Emaar MGF and MM Tech to set up IT/ITES tax-free enclave in Bangalore, Mumbai, and Chenagamanadu (Kerala), respectively. Moreover, the board also sanctioned three bio-technology SEZs for Bangalore, Anantpur (Andhra Pradesh) and Ratnagiri (Maharashtra).

However, two multi-product and multi-services SEZs would come up at Kotamandal in Andhra Pradesh and Nasik in Maharashtra.

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