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EGoM on SEZ ''resolves'' issues, says Kamal Nath

Written by: Staff
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New Delhi, May 10 (UNI) The Empowered Group of Ministers on the Special Economic Zones (SEZs) met this evening and ''resolved satisfactorily'', all the issues including the contentious subject of minimum land area for the SEZs in the information technology sector.

''The EGoM met and resolved satisfactorily, all the issues including the one relating to the land size for the SEZs for the IT'', Commerce and Industry Minister Kamal Nath told reporters after the meeting.

While Mr Kamal Nath did not elaborate, he indicated that his ministry had his way in sticking to the original rules stipulating that 10 hectares and one million metere built up area should be enough for an SEZ on I T However, Mr Kamal Nath said that the Planning Commission wanted some clarifications which would soon be issued by the Ministry.

When asked whether the parameter relating to employment generation would be linked to the minimum acreage, the Commerce Minister said it has to be what all is ''practical''.

The EGoM meeting, presided over by Defence Minister Pranab Mukherjee, was attended by Finance Minister P Chidambaram, Science and Technology Minister Kapil Sibal and Planning Commission Deputy Chairman Montek Singh Ahluwalia.

The minimum acreage, particularly for the zones in IT has been a bone of contention between the Commerce Ministry and the Finance Ministry with the latter insisting on 25 hectares and the former framing rules allowing 10 hectares.

Earlier in the day, Secretary in the Department of Industrial Policy and Promotion Ajay Dua had said in an Assocham fuction that the Finance Ministry's concern over the revenue leakage was genuine and it related to the shifting of the units from domestic tariff area to the SEZs.

Mr Kamal Nath clarified that the SEZ Act itself prohibits shifting of the units from the DTA to the SEZs . Thus, there was no question of any revenue leakage.

UNI PC RA DB2042

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