Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

1-year wait for new SEZ aspirants
Get Business updates:What's this?
Advertisement
April 23, 2007 16:43 IST

New applicants for Special Economic Zones (SEZ) would have to wait for up to a year before their cases are considered by the Board of Approvals (BoA).

"As the government has decided that it would dispose of 500 cases that were presented to it before April five before taking up new cases, the plans submitted after that date would have to wait longer," a senior official said.

"As BoA takes up around 40 cases in a meeting, for clearing the backlog 10-12 meetings would be required," he added. However, the government would continue to accept fresh applications.

At present, BoA meets once a month. More than 369 fresh applications and 162 proposals with in-principle clearance will have to come to the board for final clearance.

It is meeting on April 26 to take up issues related to SEZs that have already been notified. The board's meeting on May 9 will take up 20 cases of converting in-principle approvals to final approval.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback