Ten builders want to pull out of SEZs

Besides, at least eight SEZs, have sought extension, citing different reasons like problems in acquiring land. The applications for seeking withdrawal of approvals and extension of validity of clearances will be considered by the Board of Approvalsin its meeting on October 5.

Promoters who want to pull out include Gremach Infrastructure Equipments for its proposed project at Kolhapur, ETL Infrastructure Services’ project at Kancheepuram in Tamil Nadu and Maharashtra Industrial Development Corporation for a bio-technology SEZ at Jalna in Maharashtra. Those seeking extension of time include Mumbai SEZ, promoted by Reliance Industries Chairman Mukesh Ambani, Gitanjali Gems, Jubliant Infrastructure and L&T Hitech City, an official said.

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