Govt to take call on 17 new SEZs

The Board of Approval (BoA), headed by Commerce Secretary G K Pillai, will also consider requests from realty major DLF for de-notification of its IT-ITeS SEZs in Gujarat, Haryana, West Bengal and Orissa.
“The developer (DLF) has requested for de-notification ... due to slowdown in the economy and liquidity crunch in the overall industry,” the agenda document of the meeting said. Scores of leading SEZ promoters, including Infosys Technologies, CMC Ltd, Hindalco Industries, NIIT Technologies, HCL Technologies, Orient Craft Infrastructure, L&T Phoenix Infoparks and K Raheja Corp, have sought time from the BoA, which is meeting here on June 2.
Larsen & Toubro has proposed to set up an IT SEZ in Mumbai, while Gulf Oil Corporation has moved application for a similar tax-free zone in Bangalore. Other proposals for new SEZs include Emaar MGF’s IT-related SEZ in Kerala.  Exports from SEZs grew 36 per cent to Rs 90,416 crore in 2008-09 from Rs 66,638 crore in the previous fiscal.

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