downtoearth-subscribe

Special Economic Zones (SEZ)

  • SEZ in Hargarh soon: CM

    Bhopal, Feb 17: Chief Minister Shivraj Singh Chouhan laid the foundation stone of new industrial area in village Hargarh in Jabalpur district. On this occasion he said that a proposal has been forwarded to the Union government for establishing a special economic zone (SEZ) at Hargarh.

  • Villagers prevent people from entering Esselworld

    In protest of Special Entertainment Zone being constructed in the area, residents of villages near Thane surrounded the Esselworld theme park on the outskirts of the city and prevented people from entering there, sources said on Monday. The zone spread over 1000 hectares and is being constructed in the Gorai-Manori-Uttan area in neighbouring Thane by Essel Infraprojects Limited, a subsidiary of the Essel Group.

  • Sonia, PM all ears to farmers ahead of kisan budget

    AHEAD of the Union budget, which is expected to make major announcements for the farm sector, Congress president Sonia Gandhi and Prime Minister Manmohan Singh met farmers' representatives from Maharashtra, Haryana and Rajasthan here on Thursday. A large number of farmers from these states were given audience with Ms Gandhi at her 10 Janpath residence in a bid to give her an opportunity to directly understand their problems, the party said. Congress leaders who attended the meeting said Ms Gandhi had assured them that "she would talk to PM and the FM' about their concerns. However, the Congress chief has already conveyed her message to the government that the budget should be aimed at the

  • Sylhet chamber chooses lands for special economic zone

    Sylhet Chamber of Commerce and Industry (SCCI) has selected 1,000 acres of land for setting up an special economic zone in order to attract investment especially from the non-resident Sylheties. The special economic zone, adjacent to Fenchuganj-Tamabil Bypass Road Link, will provide land and other infrastructural facilities to the entrepreneurs to set up manufacturing and other industrial units. "We will submit the proposal to the government for acquiring the land,' said SCCI President Junnun Mahmud Khan. He said the chamber has completed a feasibility study on setting up a special economic zone or an industrial park in Sylhet division from where a large number of expatriates are living mainly in the UK and USA. The SCCI has also signed a memorandum of understanding with the British-Bangladesh Chamber of Commerce and Industry (BBCCI) in 2006. Under the deal, the BBCCI will bring together the non-resident Sylheties to invest in the economic zone. It is expected that 65 percent land of the zone will be provided to the expatriates. According to the feasibility study, Sylhet has available land, abundant natural and forest resources to set up an economic zone or industrial park. There is an ample scope to increase production of various agricultural commodities. In Sylhet division, there is also scope to increase fish production through undertaking aggressive programmes and activities. Sylhet has economically significant storage of minerals for industrialisation. Natural gas, limestone, sand stone and sand, glass sand and coal are available in this region. Some supports should be provided to the non-resident Sylheties to encourage investment. The supports include investment security, one-stop services cell for registration, licensing and regulatory formalities, prompt and easy access to physical infrastructure like plots and utility connections, access to institutional support for identification of the reliable and good local partners, strong access to business support services such as banks, insurance and shipping, easy access to reliable expert and consulting services, access to amenities and recreation facilities, and cargo shed and jet fueling station in Sylhet airport, the study said. In the economic zone, there will be scope for establishing power plants, agro processing units, re-rolling mills and steel casting mills, said Nasim Hussain, senior vice-president of SCCI. As the seven sister states of India are very near from Sylhet, the entrepreneurs or the investors will have an easy access to the seven sisters to export their products, he said. "We are hoping to get a huge response from the Sylheti expatriates,' he added. Sarwar@thedailystar.net

  • Mangalore SEZ fate to be decided on Thursday

    The state government has said the Centre has been satisfied with the outcome of the public hearing regarding the Mangalore special economic zone (MSEZ) and a final meeting on the crucial environmental management plan (EMP) of the project has been fixed for February 28. "If we get the approval after the Thursday's hearing, work can start on the project,' Karnataka Governor's advisor Krishna Kumar informed Deccan Herald. The meeting will be held by the technical committee of the Expert Committee for Infrastructure Development and Miscellaneous Project, set up by the Union Ministry of Environment and Forests. The farmers have been opposing the acquisition of land. They have urged the Government to reject the EIA (Environmental Impact Assessment) report on the project. According to the advisor, a total of 1,750 acre, out of the 2500 acre needed for the SEZ, has already been acquired. "The government has issued notification for 300 acre for acquisition. We are discussing the issue with the farmers,' he added. On the public hearing, Krishna Kumar said the Union ministry has prepared the report on the EIA of the project and circulated it to the gram panchayats. "The GPs wanted the copies in Kannada and we have translated and given these copies. The ministry has concluded that the public hearings were held as per law. The meetings were held in January and February. Now the technical committee will hear the EMP. If we get the approval after the meeting, we can start work on the project. We have come a long way in the last 2-3 months regarding this multi-product SEZ,' Kumar stated. Promoters The Rs 35,000 crore SEZ is being set up by the Oil and Natural Gas Corporation (ONGC) as anchor co-promoter using a special purpose vehicle owned by its subsidiary Mangalore Refinery and Petrochemicals Limited (MRPL), which will hold a 46 per cent stake. The other equity-holders are the Karnataka Government, Kanara Chamber of Commerce and Industry and Infrastructure Leasing and Financial Services Limited. ONGC would hold 26 per cent of the equity in the incorporated company. The State government would hold 23 per cent and the balance 51 per cent would be jointly owned by KCCI and IL&FS. The New Mangalore Port Trust (NMPT) is understood to have shown interest to join the SEZ, subject to approval from the Ministry of Shipping, Road and Transport. If NMPT joins, the combined equity of KIADB and NMPT would be 23 per cent. The MRPL has envisaged projects such as an LNG terminal, C2-C3 separation units and aromatic and olefin complexes in the petrochemical component of the SEZ. The SEZ will also include a refinery, a power plant, a gas terminal and a pipeline.

  • Govt scraps 8 Goa SEZs

    First reversal after last year's protests in the state. As many as eight Special Economic Zones (SEZs) proposals in Goa were scrapped at one stroke by the inter-ministerial Board of Approvals, which met here today. The Board also decided to ask 12 developers in the state why their zones should not be cancelled. This is the first incident of a reversal of a Central policy, following a strong anti-SEZ movement in Goa last year that had threatened to bring down the Digambar Kamat-led Congress government. SEZs are underwritten by a central law passed by Parliament in 2005 that permits special taxation and other fiscal benefits to the developers and the units inside these zones. The Goa government, on December 31, 2007, had recommended that the Centre scrap all the zones in the state following widespread public protests. Anti-SEZ protesters had argued that the zones will put extra pressure on the already fragile infrastructure in the state and lead to a dilution of the Goan identity. Their argument was that "outsiders' would flood Goa in search of SEZ jobs that the locals will not be able to fill. This cancellation is the first time in history that ethnic issues have led to reversal of central industrial policy. Formally approved zones that are facing withdrawal of status include Inox Mercantile Company's 48-hectare Biotech zone in Verna, Panchbhoomi Infrastructure Pvt Ltd's 18.5-hectare infotech zone in North Goa and a 48-hectare Infotech zone of Paradigm Logistics in Verna. "We are following the principle of natural justice and are sending showcause notices to 12 formally approved zones. Proposals that were sent by the state and were yet to be considered by the Board of Approvals will be treated as withdrawn,' said Commerce Secretary Gopal Krishna Pillai, who heads the board. Three controversial SEZs in Goa

  • Centre show-cause to 12 firms; talks with Goa on SEZs begin

    The Centre has initiated talks with the Goa government regarding the de-notification of three special economic zones (SEZs) in the state, including the 123.2 hectare-Meditab Specialities SEZ planned by pharma major Cipla. The move follows the controversial decision of the state to scrap all SEZs within its territory following widespread public agitations against such tax-free enclaves. The developers of Meditab SEZ have already made investments of over Rs 130 crore in the project. Following a notification in April 2007, Meditab had also committed investments worth Rs 500 crore and imported machinery for its pharma plant. The law ministry has recommended addressing the issue of compensation to SEZ developers if the SEZs are de-notified. Besides Meditab SEZ, the other de-notified SEZs in the state are 20.36-hectare biotech SEZ by Penisula Pharma Research Centre and 105.91-hectare IT/ITeS SEZ by K Raheja Corp. The Centre has also issued show-cause notices to developers of 12 SEZs, which obtained formal and in-principle approvals, in the state, commerce secretary GK Pillai said here on Monday. Pillai heads the board of approval (BoA), the nodal body granting permission for establishing SEZs. "(As regards) all the formal and in-principle approval given to SEZs in Goa, the BoA will issue show-cause notices to them (developers) in the light of the recommendation of the state, following the principle of natural justice,' Pillai said. The developers will be asked why the permission granted to them should not be cancelled. On the 8 SEZ proposals that were forwarded by the state but yet to come before the BoA, Pillai said, the Centre has decided to treat them as "withdrawn'. The state had on December 31, 2007, asked the Centre to scrap all the SEZs citing representations, which said the zones would adversely affect tourism and environment. The state also said it does not have adequate water and electricity for such massive industrial activities. There was also criticism that SEZs will take away scarce land in the state. The Centre has indicated that the state government will have to compensate the developers of the SEZs for the investments made along with the interest amount to avoid litigation and further complications. Officials wonder how the land, acquired for the notified SEZs, would be returned to the original owners. At best, the government can deny the developers the status of SEZ, which entitles them for tax concessions. "Even if the SEZ status is removed, the units will remain in the domestic tariff area,' an official said.

  • BoA clears 14 new SEZs

    The Board of Approval (BoA) of the Special Economic Zones (SEZs) on Monday cleared 14 new proposals, including ten formal approvals. While two SEZs each have been cleared in Tamil Nadu and Rajasthan, one each will come up in Maharashtra, Haryana, Andhra Pradesh, West Bengal, Madhya Pradesh and Gujarat. The BoA granted formal approvals to two SEZs of the State Industries Promotion Corporation of Tamil Nadu Ltd. (SIPCOT), one for transport engineering goods at Tirunelveli and another of automobile and auto ancillary at Thiruvannamalai. Similarly, two SEZs of Mahindra Worldcity (Jaipur) Ltd. of handicrafts and light engineering at Jaipur were given formal approvals. Other SEZs cleared include an information technology SEZ by Videocon Realtors and Infrastructure Ltd. at Jalpaiguri in West Bengal, IT SEZ by Devbhumi Realtors Pvt. Ltd. at Ranga Reddy District in Andhra Pradesh, pharmaceuticals SEZ by JB SEZ Pvt. Ltd. at Panoli in Gujarat and Power SEZ by Wardha Power Company at Chandrapur in Maharashtra. According to Commerce Secretary G. K. Pillai, who also heads the Board of Approval, so far formal approvals have been granted for setting up of 439 SEZs out of which 201 have been notified as on date. The Commerce Secretary said that over Rs. 67,347 crore had been invested in these notified SEZs, giving direct employment to 97,478 persons, which is in addition to the employment provided to 1.83 lakh persons by the seven Central Government established SEZs.

  • GMAS warns of agitation if SEZs not scrapped

    Goa's Movement Against SEZs Convenor Matanhy Saldanha Tuesday warned GMAS would be forced to launch second stage of its agitation if the State government failed to get all SEZs, including the three notified ones, cancelled immediately. In a statement issued today, Saldanha said the Board of Approval at the Centre had contradicted the statement of Commerce Ministry that SEZs would not be imposed on the State and more so when the Government does not want it. BoA recently issued show-cause notices to 12 SEZs asking why the approval granted to them should not be withdrawn stating that the move was in line with the principle of natural justice. At the same time the Board deferred the decision on de-notifying the three notified zones giving its promoters a new lease of life. The above moves of BoA have not gone well with GMAS whose Convenor charged the former of contradicting the public statement of Union Commerce Minister Kamal Nath who had said SEZs would not be imposed on the people of Goa if they don't want them. In the statement, Saldanha said the decision of BoA on 12 SEZs and the move seeking consultation with the State Government on three notified ones smacked of double standards. "If BoA takes any decision contrary to the will of the people, GMAS will be forced to construe that the former (Board) and the Union Commerce Ministry are involved in underhand dealings in connivance with the State Government to approve SEZs,' Saldanha declared. He, however, said GMAS was pleased with Cipla's plan to shift from Keri to some other place in the country. We request the promoters of other two notified SEZs to voluntarily leave Goa as the zones are shunned by Goans, he remarked. Meanwhile, the convenor said a meeting has been fixed on February 27, at 11.30 am to take up the subject.

  • Govt does not want any SEZs, reiterates CM

    Chief Minister Digambar Kamat has reiterated that the State government does not want any SEZs in Goa including the three already notified ones. The SEZ Board of Approval at the Centre gave a fresh lease of life to the developers by deciding to seek reply from them as to why their projects shouldn't be scrapped in the light of the concerns raised by the Goa government and citizens' groups. Goa's Movement Against SEZs delegation led by convenor Matanhy Saldanha met the chief minister at his Altinho residence to clarify the government stand in the matter. "He (Kamat) has assured us that the government will not allow any SEZs in Goa,' Saldanha told Herald. It may be recalled that despite a strong pro-SEZ lobby in the cabinet, the chief minister on December 31 had taken a decision to scrap all SEZ projects in Goa and subsequently the decision was conveyed to the Centre. Since then however, the Centre has deferred taking any decision on SEZs in Goa until two days ago when BoA decided to consult the Goa government on the issue. The former Cortalim MLA was critical of the BoA, saying it has contradicted the statement of Commerce Ministry that SEZs would not be imposed on the State and more so when the Government does not want it. Yesterday, GMAS had warned that it would be forced to launch second stage of its agitation if the State Government failed to get all SEZs, including the three notified ones, cancelled immediately. "If BoA takes any decision contrary to the will of the people, GMAS will be forced to construe that the former (Board) and the Union Commerce Ministry are involved in underhand dealings in connivance with the State Government to approve SEZs,' Saldanha declared. CONFUSION: There appears to be some confusion over the number of SEZs quoted by BoA. Union ministry of Commerce had approved seven SEZs for Goa till December 2007 of which three were notified. But BoA now says that show cause notices would be sent to 12 SEZs. Officials here too wonder whether the figure quoted by BoA is correct and if so which are the ones as no communication had been received by the state government pertaining to more than seven. The 8 additional proposals which were forwarded to the Centre anyway are scrapped.

  1. 1
  2. ...
  3. 93
  4. 94
  5. 95
  6. 96
  7. 97