Nod finally for Ambani’s special economic zone


New Delhi : Two big special economic zones (SEZ) proposed by Mukesh Ambani's Reliance Industries, India's largest private company, secured approvals from a high-level panel Tuesday after being deferred many times earlier.

Support TwoCircles

The group's multi-product SEZ in Gurgaon on the outskirts of New Delhi secured a formal approval from the Board of Approval chaired by Commerce Secretary G.K. Pillai, while another at Rewas in Maharashtra won an in-principle nod.

These were among the 42 proposals taken up by the board Tuesday, following which formal approvals were give to 24 of them, while nine other applications secured in-principal approvals under the SEZ Act of 2005.

"Applicants for projects that have secured in-principal approvals will have to get back to the board with clarifications that may be sought so that they can be converted into formal approvals," an official spokesperson said. "The projects can come into force only after they are notified under the act."

The panel also gave formal approvals to Wipro's proposal for Hyderabad, GMR Hyderabad International Airport's proposal for Andhra Pradesh and Indiabulls Industrial Infrastructure's proposal for Nashik in Maharashtra.

Some prominent applications given in-principle approvals came from Maharashtra Industrial Development Corp (MIDC) for the engineering project in Satara, DLF for textile project in West Bengal and Indiabulls' multi-product SEZ in Thane.

Apart from the application from Reliance, the only other company whose proposal was converted from an in-principle to a formal was from Satyavedu Reserve Infracity Private for a 1,023-hectares SEZ at Nellore in Andhra Pradesh.