BoA may decide fate of Essar Hazira SEZ next week

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New Delhi, Dec 30 (UNI) The twice-postponed meeting of the board of approvals (BoA) of the Union Commerce Ministry to take up proposals of 36 special economic zones(SEZs), will now be held next week to clear the backlog.

Official sources said, the meeting on January 2 might also take up the case of Essar Hazira SEZ which had come under the lense of the Finance Ministry for alleged flouting of rules pertaining to the tax-free zone.

First scheduled to be held on November 29, the BoA meet was postponed to December 12 in view of the preoccupation of the Ministry officials with India-European Union summit held in New Delhi on November 29.

The proposals which BoA are to take up for consideration include those by state-owned steel major SAIL, realty firm DLF and drug maker Dr Reddy's Laboratories. These also include 8 proposals for tax-free zones made by TIDCO, a Tamil Nadu government enterprise, in the fields of phramaceuticals, logistics, electronics and hardware, auto components, engineering, information technology and IT-enabled services and bio-technology.

Of the 36 proposals which will now come up for consideration in the new year, 9 are related to IT and ITeS.

The two proposals envisaging multi-product SEZs in 1,000 hectares each by private companies, which were earlier deferred for consideration on December 12, will also now be taken up on January 2, the sources added.

One proposal by Sengadu Projects to be set up in Tamil Nadu was earlier considered by the BoA on October 19 but was postponed to December 12. The second mutli-product SEZ is, however, a new proposal. Both mega projects have got the nod of the Tamil Nadu government, the sources added.

UNI

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