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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 Andhra Pradesh, an IT/ITeS SEZ by Wipro in Andhra Pradesh and two IT/ITeS SEZs by Tamil Nadu Industrial Development Corporation in Tamil Nadu.
The projects with formal approvals can now get their SEZs notified and start production after due clearances. Interestingly, RIL was planning a bigger and ambitious multiproduct SEZ in Jhajjar (near Gurgaon). However, since the company has not been able to acquire the required land and the Centre has barred states from compulsorily acquiring land for private SEZ developers, it has had to give up its grandiose plans for now and settle for the multi-services SEZ.
Projects that got in-principle approval include gems and jewellery SEZ by Gitanjali Gems in Maharashtra, leather industry SEZ by MIDC in Maharashtra, steel SEZ by Jai balaji Sponge in West Bengal, a multi-services SEZ by Gitanjali Gems in Maharashtra, a multi-product SEZ by India bulls Builders in Maharashtra and a textile SEZ by DLF in West Bengal. BoA will consider 46 proposals at its next meeting on June 22.
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