Govt clears 22 SEZs; Dubai-based developer to build warehousing zone

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New Delhi: The government on Monday cleared 22 proposals for setting up Special Economic Zones (SEZ), including an approval for a mega foreign direct investment (FDI) project for establishing a free trade warehousing zone by the developers of the famed Jebel Ali Free Zone (Jafza) of Dubai.

In all, the board of approval for SEZs in the commerce ministry took up 38 proposals and granted formal approval to 19 proposals having possession of the required land.

It also gave in-principle approval for 3 other projects that did not have possession of land, but had state government clearances for the viability of the project.

The total investment in the 271 notified SEZs has now touched Rs 8,3,450 crore and SEZs have provided direct employment to 1,13,426 persons, the commerce ministry said.

Among the main SEZ projects that have received formal approval include a 1,054 hectare multi-product SEZ by GVK Perambalur Pvt Ltd, a petroleum and petrochemical SEZ by Nagarjune Oil Corporation, a 222-hectare port based SEZ in Maharashtra by JSW Jaigarh Port Pvt Ltd.

The BoA also gave formal approval to a 48 hectare IT/ITeS SEZ in Tamil Nadu, a textile park in Punjab by Ishan Developers and Infrastructure Pvt Ltd, Hindustan Newsprint Paper and Pulp SEZ in Kerala and a pharma SEZ by Dr Reddy Lab Ltd in Andhra Pradesh.

The FTWZ to be developed by Jafza has got an in-principle approval and will be spread over an area of 85.12 hectare in Maharashtra.

JAFZA developers brings in enormous experience as it handles the cargo meant for Dubai Port that is world’s ninth largest in terms of container traffic. Jebel Ali Port in Dubai is part of DP World, which is the 4th largest port operator in the world, according to the website of Jafza.

Jafza spans 49 square kilometers and is situated between Jebel Ali Port—the world’s 7th largest seaport— and the upcoming Jebel Ali International Airport, the world’s largest cargo airport near Dubai port. “In its 21 years of operation, Jafza has posted more than 300 times growth in its number of companies growing from 19 in 1985 to about over 6000 in 2007,” the website says.

When the FTWZ in Maharashtra is developed it will be able to have partners giving the easy and quick access to many ports across Asia, the CIS and Africa, sources said.