Reliance Energy Generation Ltd has been granted in-principle approval for a multi-product SEZ at Dadri in Uttar Pradesh, the Rajya Sabha was informed on Wednesday.
"In-principle approval has been given for the SEZ in Dadri over a proposed area of 2,023 hectare," Minister of State for Commerce Jairam Ramesh said in a written reply.
According to information gathered from SEZ applications, the average cost of developing a 1,000 hectare multi-product SEZ, including the cost of land is Rs 2,500 crore (Rs 25 billion), he said.
In another reply, Ramesh said in 2005-06, 209 cases of misuse of export promotion schemes involving an amount of Rs 947.2 crore (Rs 9.47 billion) have been reported and show cause notices issued.
"During 2004-05, show cause notices have been issued in 606 cases involving an amount of Rs 1,81,352 lakh," he added.
Total revenue foregone under various export promotion schemes such as Advance Licence, EOU/EHTP/STP/EPZ, EPCG and DEPB schemes for 2004-05 and 2005-06 was to the tune of Rs 38,538 crore (Rs 385.38 billion) and Rs 39,258 crore (Rs 392.58 billion) respectively.
To another query, he said India's core objectives in the World Trade Organization Doha Round negotiations in services were in cross border supply (Mode 1) and movement of natural persons (Mode 4 ).
In the revised offers tabled by important trading partners of India, such as EC and Australia, some improvements in Mode 4 have been offered, he said.
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