SEZs

  • SEZs to get fresh fillip under Modi government, says Nirmala Sitharaman August 23, 2014

    Visakhapatnam: Special Economic Zones have not performed to their full potential in the past ten years and so the NDA government is planning to tweak policies to make them more productive and viable, said Union Minister of State for Commerce and Industry Nirmala Sitharaman on Sunday. She said Indian firms active...
  • Mumbai: We will work swiftly for removing obstacles in development of SEZs, says Modi August 16, 2014

    Prime Minister Narendra Modi on Saturday laid the foundation for the Rs 4,000crore portbased multiproduct special economic zone(SEZ) at Jawaharlal Nehru Port Trust in Navi Mumbai. Defence Minister Arun Jaitley and Maharashtra Chief Minister Prithviraj Chavan were also present at the ceremony. ...
  • Nirmala Sitharaman briefed on challenges facing industry, exporters May 28, 2014

    Challenges such as curbs on gold imports, imposition of MAT on special economic zones, the drop in manufacturing output and problems related to labour laws and land acquisition figured in presentations made to new Commerce and Industry Minister Nirmala Sitharaman on Wednesday. In separate presentations, the Commerce and Department Of Industrial...
  • HC restrains Haryana from prosecuting Maruti for no prior environment clearance May 26, 2014

    New Delhi: The Delhi High Court on Monday restrained Harayana government from "prosecuting" car maker Maruti Suzuki for not having prior environment clearance (EC) for its unit in Rohtak after the company gave an undertaking that it will apply for the green nod. The court held that the company...
  • Infosys to set up SEZ in Indore with Rs 400 crore investment February 24, 2014

    IT major Infosys on Monday laid the foundation stone of its proposed SEZ which will be created with an initial investment of Rs 400 crore. The foundation-laying ceremony of the SEZ, to be constructed on 130 acres of land, was held at the Super Corridor on the outskirts of city...
  • SC commences hearing on land acquisition for SEZ January 23, 2014

    New Delhi: Seven years after the first plea was made, the Supreme Court on Thursday commenced the crucial final hearing on a bunch of petitions challenging the validity of the Special Economic Zone (SEZ) policy of the Centre and the laws governing it for the acquisition of land in the...
  • Government allows Parsvnath Infrastructure to surrender IT SEZ November 18, 2013

    The government has allowed Parsvnath Infra to surrender its IT/ITeS special economic zone in Uttrakhand. The approval was given by the Board of Approval (BoA), headed by Commerce Secretary SR Rao in its meeting on November 8. As per the minutes of the meeting, the Board noted that government of Uttarakhand has...
  • No plans now to return West Bengal land: Infosys August 6, 2013

    IT major Infosys on Monday said it did not have any immediate plans to return the 50acre plot given by the West Bengal government, but indicated that a solution could be found out if alternative proposals like "SEZlike tax benefits" were provided. "There are no plans to give up land at...
  • IT industry seeks MAT reduction to 5 pc in Union Budget February 25, 2013

    Hyderabad: The IT and IT-enabled services industry here has sought the reduction in minimum alternate tax (MAT) to 5 per cent in the Budget 2013-14 for all IT companies operating in SEZs. The Finance Minister is slated to announce on Thursday the budget proposals for the next fiscal. "With the introduction...
  • Deadlock remains over stalled Infosys project in Bengal December 10, 2012

    Kolkata: Hinting that there was no immediate breaking of the deadlock over its stalled project in West Bengal, IT bellwether Infosys has said it is awaiting the response of the Mamata Benerjee government on according SEZ status or attributing similar benefits to its proposed Rajarhat project. The project has failed to...
  • Government considering amendments to boost SEZ August 23, 2012

    Mumbai: The government is considering steps to ensure that SEZs remain attractive destinations for investment, Commerce and Industry Minister Anand Sharma said on Thursday. He admitted that SEZs had seen a gradual slowdown though they account for more than a quarter of country's exports. Sharma said he had written to the finance...
  • Govt to announce new guidelines to revive SEZs June 6, 2012

    New Delhi: The government will come out with new guidelines to revive export hubs, special economic zones (SEZs), which have lost sheen after imposition of certain levies and proposal to take away tax incentives. The government had imposed Minimum Alternative Tax (MAT) and Dividend Distribution Tax (DDT) on SEZs in...
  • West Bengal govt scraps state SEZ Act May 23, 2012

    Kolkata: In line with Trinamool Congress' opposition to SEZ, the West Bengal government on Wednesday scrapped the state Special Economic Zone Act, 2003. The decision was taken at a meeting of the cabinet committee on industry presided over by Chief Minister Mamata Banerjee, Industry Minister Partha Chatterjee told reporters here. The act...
  • Mamata welcomes Infosys, but denies SEZ status March 22, 2012

    Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday assured Infosys of assistance in setting up its unit in the state, but reiterated her government's stand of not allowing SEZ status to the IT major. Replying to the debate on the Governor's address, the chief minister said it was her government's...
  • WB: No SEZ status for Infosys, says Mamata March 12, 2012

    Kolkata: Ruling out SEZ status to IT major Infosys, West Bengal Chief Minister Mamata Banerjee on Monday said the state government has decided against the special economic zones and will stick to it. "It can't be that we will give SEZ status to Infosys and not give it to others when...
  • All help for facility but no SEZ: Bengal to Infosys February 25, 2012

    Kolkata: The West Bengal government on Friday assured IT major Infosys of all support to establish its first facility in the state but reiterated its stand of not allowing special economic zones (SEZ). "We will try to provide the benefits they would require to set up the facility. I have asked...
  • T'puram soon to be hub of entertainment February 17, 2012

    THIRUVANANTHAPURAM: Thiruvananthapuram will soon turn into an entertainment hub of the country with the Union Government according Special Economic Zone (SEZ) status to the Kerala Industrial Infrastructure Development Corporation (Kinfra) Film and Video Park (KFVP) at Kazhakkoottam. Kinfra Film and Video Park, an ISO 14001: 2004 certified company, is the...
  • Infosys should realise WB stand on SEZ: Chatterjee February 15, 2012

    Kolkata: West Bengal Industries and Commerce Minister Partha Chatterjee on Tuesday said IT major Infosys Technologies should "realise" the position of the state government on special economic zones (SEZs). Infosys has got 50 acre of land recently at Rajarhat near the metropolis for setting up the...
  • TCS gets green signal for Indore SEZ January 24, 2012

    New Delhi: The Government on Tuesday permitted IT software major Tata Consultancy Services (TCS) to set up a Special Economic Zone at Indore in Madhya Pradesh, even as it allowed Videocon group to pull out from its SEZ project at Jalpaiguri in West Bengal. "SEZ proposal by TCS has been cleared,"...
  • Nokia to invest Rs 250 cr to revamp India business January 21, 2012

    New Delhi: Mobile handset market leader Nokia, with manufacturing facility in an SEZ near Chennai, plans to revamp its business in India by infusing fresh investment of Rs 250 crore in the next three years, with potential to create 500 new jobs. The company has furnished...
  • Tatas to move SC against Singur land distribution June 27, 2011

    Mumbai: Tata Motors on Monday said it will move the Supreme Court against distribution of land which the West Bengal government had taken back from the company through an Act passed in the Assembly. "As per the country's legal procedures, the company will agitate the matter before the Supreme Court," a...
  • Top Indian businessmen keen on Bangladesh SEZ May 10, 2011

    Dhaka: Fifty Indian investors, including the Tata, Birla and TVS groups, have sought a special economic zone (SEZ) to be set up in Bangladesh for joint ventures. A visiting business delegation of the Confederation of Indian Industry (CII) on Monday proposed that the Bangladesh government establish a SEZ for them...
  • Govt imposes 18.5 pc MAT on SEZ developers February 28, 2011

    New Delhi: The government on Monday proposed to levy Minimum Alternate Tax (MAT) of 18.5 per cent on the book profits of Special Economic Zone developers and units, which was termed as a 'setback' by the players. Both the developers as well as units in the tax free enclaves were earlier...
  • Mukesh Ambani's Raigadh SEZ project scrapped February 20, 2011

    Mumbai: It is the triumph of people power. The Mukesh Ambaniled Raigadh Special Economic Zone project, touted as the country's biggest SEZ has now been scrapped by the Maharashtra government. Protesting farmers in the area will now get their land back. Floated by Ambani in partnership with Anand Jain, the...
  • Env Min gives conditional clearance to POSCO September 15, 2011

    New Delhi: The Environment Ministry has given a conditional green signal to South Korean steel giant Poscos project to build a captive port and steel plant in Orissa. The goahead by the ministry is based on 50 additional conditions, the prominent conditions being: No construction in high erosion zone, No...
  • Posco again in the midst of controversy October 20, 2010

    Environmental ministry has asked for a comprehensive environmental assessment report as Posco tries to go ahead with the project in Orissa. ...
  • SC no for more time for Mukesh Ambani's SEZ June 6, 2009

    New Delhi: Industrialist Mukesh Ambani's project of setting up a special economic zone (SEZ) over 10,000 hectares in Raigad near Mumbai is in jeopardy as the Supreme Court on Friday refused to extend the deadline for land acquisition. A bench of Justice B Sudarshan Reddy and Justice Aftab Alam dismissed a...
  • Left Front era in West Bengal is over: Mamata May 23, 2009

    Trinamool Congress chief Mamata Banerjee is one of the 19 Union Cabinet ministers to take oath on Friday. Mamata, who is credited with routing the Left Front in West Bengal during the justconcluded Lok Sabha elections, says that the Special Economic Zone issue is still important for her party. She also adds...
  • AP CM unveils SEZ for aerospace engineering October 21, 2008

    Hyderabad: Andhra Pradesh might have lost the Nano race to Gujarat but that's definitely not keeping Chief Minister YS Rajashekhar Reddy from moving on. Reddy has unveiled an SEZ for aerospace and precision engineering in Adibatla near Hyderabad. While the Nano will not roll out of the state, interestingly it...
  • Orissa: Unrest feared after antiPosco leader held October 13, 2008

    Bhubaneswar: More than 500 policemen have been deployed in Orissa after the arrest of a senior leader who had been spearheading protests against South Korean steel maker Posco. The Supreme Court in August allowed Posco use of large tracts of forest land to build a $12 billion plant the...