Centre approves denotification of six SEZs

Written by fe Bureau | New Delhi | Updated: Aug 31 2013, 11:20am hrs
The government on Friday approved denotification of six special economic zones (SEZs), with projects belonging to companies like Uttam Galva Steel, Vatika Jaipur SEZ Developers and Orient Craft Infrastructure.

The decision was taken in a meeting of the Board of Approval (BoA) headed by commerce secretary SR Rao.

The BoA considered four new proposals for establishing SEZs (including one on multi-product, two sector specific SEZs for IT/ITEs and one engineering SEZ) with a total investment of R6451.31 crore, an official statement said. The total exports from SEZs up to June 30 stood at R1.13 lakh crore.

Denotifications of these enclaves once touted as engines of growth are not slowing down despite the government having relaxed norms for them.

Till now, 576 SEZs have been approved, of which 392 have been notified. A total of 173 SEZs have commenced export, of which 20 are multi-product SEZs. Till July 31 this year, 58 have been denotified.

The board also approved conversion of the 624.786 hectare Mangalore SEZ from a sector specific zone to a multi product zone, it said.