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Tatas, 27 SEZs get nod; Reliance’s still on hold
THE government on Thursday deferred a decision on the RIL-promoted Navi Mumbai multi-product special economic zone (SEZ) and asked the Maharashtra government to submit a report on the objections raised by the revenue department. The revenue department had, in its report, pointed out that the proposed SEZ could create problems for the residents of the five villages that fall in the zone.
The board of approvals (BoA) on SEZs, which met on Thursday, approved 28 proposals, including the long-pending Tata’s Gopalpur SEZ in Orissa. Of the 28 proposals, formal approvals were granted to 22 projects that were in possession of land while six were given in-principle approvals. Two proposals for SEZs in Goa were deterred because of Assembly elections in the state.
Official sources told ET that the Maharashtra government representatives, who attended the BoA meeting, claimed the state had looked into all aspects of the Navi Mumbai proposal and found no discrepancies. BoA, however, insisted the state government would have to submit a report in the light of the objections raised in the Customs inspection report.
The revenue department had pointed out that if the five villages falling within the proposed site get encircled, the inhabitants may not be able to access civic amenities, mainly water bodies.
The Jawaharlal Nehru Port Trust, too, raised objections on the ground that part of the land claimed by the developers belonged to it. “We will seek comments from the state government and promoters on the report of the revenue department,” commerce secretary and BoA chairman Gopal K Pillai said. The matter is expected to come up at the board’s next meeting on June 22.
BoA approved the Gopalpur SEZ promoted by Tatas that will come up on 1,173 hectares. The clearance was delayed earlier as BoA wanted approval from security agencies since the project is located close to a crucial defence establishment.
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RIL Gurgaon SEZ among 26 cleared
RELIANCE Industries (RIL) — which has been facing problems getting its SEZ in Navi Mumbai approved — got the nod for two other zones on Tuesday. While its multi-services SEZ in Gurgaon was formally approved, its proposed zone in Rewas (Maharashtra) was given in-principle approval as land is yet to be acquired there. The board of approvals (BoA) approved 26 proposals while in-principle approvals were given to nine others.
Other proposals that got formal approval include a multi-product SEZ by India bulls Industrial Infrastructure in Maharashtra, an airport-based multi-product SEZ by GMR Hyderabad International Airport in
BoA meets today to take 40 SEZ proposals
NEW DELHI: Within a week of dealing 29 SEZs, the board of approvals in the commerce ministry will meet on Tuesday to take up 40 proposals, including those of GMR Hyderabad International Airport and Wipro. Of these 40 proposals, 29 have land in possession, official sources said. While MIDC has four proposals for zones totaling over 460 hectares, GMR has proposed a 101.2 hectare airport-based multi-product SEZ in Andhra. Wipro is awaiting a nod for its 40.46 hectare IT SEZ to come up at Hyderabad.
Buddha woos Infosys with dirt-cheap prim plot Offers 100 Acre Near Kolkata At Rs 15-20 Lakh Per Acre For Setting Up Campus
THE Buddhadeb Bhattacharjee government appears determined to get infosys to West Bengal at any cost. It has just offered a prime 100 acres plot to Infosys Technologies at a rock bottom Rs 15-20 lakh per acre at Kalyani—some 60 km from Kolkata. The plot, which belongs to the state government, has been offered for setting up Infosys software campus.
But "Infosys is yet to respond to the state government's latest land offer," sources in the state IT department said. The
Stricter safety norm may hold up copycat drugs
Panel Calls for Clear Timeframe for Allowing Generics
LONG before Pfizer decided to introduce its famed Viagra in India, nearly a dozen me-too pills had flooded the market here. Later, reports surfaced that the blue pill that helped millions to rise to the occasion, may have had a role in a small number of them losing eyesight. Of course, a drug is approved only when its benefits far outweigh the risks involved. But this practice of Indian pharmaceutical companies flooding the local market with copycat versions of MNC drugs immediately after they hit the
RCOM rings in sub-2k FM phones, Tatas too join party
Third Low-Cost Phone Launch within a Month for Reliance Communications
IN MANY ways, FM marked the return of the radio. Now, the market for cell phones with FM is hotting up and every player in the segment is reaching out to grab a sizeable portion of the cake. Two major players in the CDMA segment, Reliance Communications and Tata Indicom, on Monday made announcements on phones with FM.
"As many as 6 million mobile phones are sold in India every month. About 25-30% of these are FM-enabled. We are looking at a sizeable
Raj TV plans cable network to take on Sun
In Talks with Hathway, Others for Network across Tamil Nadu
RAJ TV, basking under the new-found patronage extended by Tamil Nadu's ruling DMK party, is in talks with leading cable operators including Hathway to launch a state-wide cable network to take on Sun TV. Raj's move comes amidst chief minister Karunanidhi's high-profile feud with the Maran family led by grand nephew Dayanidhi Maran and just days after it announced plans to launch a Tamil language channel with the DMK's blessings.
"It is true that we are looking at getting into the distribution business in
MTNL may win race for Lanka's Suntel
Beats Telekom Malaysia with $160- 180m Bid
STATE-owned Mahanagar Telephone Nigam Ltd (MTNL) is believed to have emerged as the highest bidder for Sri Lankan fixed line operator Suntel. According to sources dose to the development, MTNL is learnt to have bid between $ 160 million and $ 180 million for the Colombo-based telephone company.
The Sri Lankan Rs 3.31-billion Suntel will give MTNL a foothold in the island country's fast-growing telecom market. It will also be the first overseas acquisition by the NYSE-listed MTNL, which had earlier tried unsuccessfully to enter the Saudi Arabian and
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