New Delhi, Mar 20: An inter-ministerial meeting of the Board of Approval (BoA) today cleared five special economic zones and gave its in-principle nod to one, notwithstanding criticism of the SEZ policy in Parliament. Of the five projects approved, four are in Information Technology and IT-enabled services. Two of IT/ITeS tax-free enclaves will come up in Haryana and one each in Kerala and Karnataka. The fifth SEZ in biotech sector is to be set up in Andhra Pradesh.
State-owned Maharashtra Industrial Development Corporation (MIDC) has been given in-principle approval by the board to estabish an engineering SEZ at Phattan in Satara district. The board meeting, chaired by Commerce Secretary G K Pillai, took up nine proposals, including conversion of an in-principle approval granted to an IT/ITeS hub to be set up on 95 hectares of land at Kusumgiri in Kerala by Smart City (Kochi) Infrastructure Pvt Ltd.
The Smart City's request was today formally approved, an official statement said. Also given formal approval were Haryana's two tax-free enclaves that will come up in Gurgaon district. The promoters are Wellgrow Buildcon Pvt Ltd and Sunwise Properties Pvt Ltd. The Karnataka's SEZ granted approval will be developed by Brigade Enterprises Pvt Ltd in Mangalore.
The lone biotech project approved today is being developed by Vivo Biotech in Medak district of Andhra Pradesh. Mr Pillai said the board has so far given formal approvals to 449 SEZs, of which 206 have been notified.