BUSINESS

Mukesh Ambani gets nod for IT SEZ

Source:PTI
September 18, 2007
The Board of Approval on Tuesday cleared 10 special economic zone proposals, including three Mukesh Ambani-promoted IT zones in Navi Mumbai.

The BOA meeting, which was chaired by Commerce Secretary G K Pillai, considered 19 proposals.

"Decision on four SEZ proposals in UP, including DLF and Unitech Hi-tech, have been deferred because they do not have the possession of land," Pillai told reporters after the meeting.

He said as soon the promoters of these proposals get possession of land the proposals would be cleared.

The BoA also gave in-principle approval to the SEZ proposal of Jindal Worldwide in Gujarat and to another one in Maharashtra by Arshhiya Technologies spreading over 68 hectares.

India's great rush for SEZs

Source: PTI
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