Government Clears 14 new SEZs

Government approved 14 proposals for setting up SEZs, including those of TCS and Singapore-based realty major Ascendas but deferred a decision on plans by DLF and Unitech Hitech for setting up tax-free zones in Noida in the NCR region.

Formal clearance for 10 proposals and in-principle nod to four applicants was given by the Board of Approval chaired by Commerce Secretary G K Pillai.

"Formal approval was given to plans of TCS to set up an IT zone in West Bengal and Ascendas received in-principle clearance for electronic and multi-product SEZs in Tamil Nadu," Pillai told reporters after the meeting.

He said the decision on DLF and Unitech Hitech was deferred since the promoters did not have land in possession.

This is the first decision on SEZs after the Union Cabinet had cleared the Resettlement and Rehabilitation policy, making the process of land acquisition transparent and easy for the promoters.

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