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Private Sector | Multi State - India | PID: 192155
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The government has approved the proposals of software firm TCS and realty major DLF to set up special economic zones (SEZs) for IT sector in Haryana and Uttar Pradesh
The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 here. The inter-ministerial body is chaired by the Commerce Secretary. TCS has proposed to set up an IT/ITeS SEZ in Noida, Uttar Pradesh, on 19.9 hectares land. The total proposed investment for the project is ?2,433.72 crore
The board, after deliberations, approved the proposal for setting up of sector specific SEZ for IT/ITeS at Noida over an area of 19.9 hectare,” according to the minutes of the board meeting.
Similarly, the two proposals of DLF also received nod from the board
DLF has proposed to set up two SEZs in Haryana. The proposed investments for these projects are ?793.95 crore and ?761.54 crore
However, the board said that the approval for DLF is “subject to the condition that the letter of approval for setting up of units would be issued only after the requirement of contiguity of the SEZ is fulfilled by the developer as per the relevant rules and instructions
SEZs are major export hubs in the country as the government provides several incentives and single-window clearance system
As on November 14, 2019, the government has approved 417 such zones in the country. Out of this, 238 zones are operational
Exports from these zones grew by about 14.5 per cent to ?3.82-lakh crore in April-September 2019-20. It was ?7.02-lakh crore in entire 2018-19 financial year
| Updated on: 07 - Mar - 2020
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