The government on Friday formally cleared Reliance Industries' Rs 16,000 crore (Rs 160 billion) petrochemical special economic zone, which would come up near the company's Jamnagar refinery.
The empowered goup of ministers on special economic zones (SEZs) on Thursday cleared 83 proposals
Situated in a special economic zone in Noida, HCL Technology's upcoming campus is spread across 46 acres of land. The half-constructed new HCL tech-hub provides a picture of the grandeur that is to follow as the campus is scheduled to be completed in the next five years.
Amidst a nationwide hue and cry over the setting up of special economic zones (SEZs), the Orissa government has decided to drop one of five SEZs in the state that had received formal approval from the Centre.
There is no logic behind special economic zones, which destroy one form of manufacturing to promote another, says Medha Patkar.
Making it clear that the SEZ policy has come to stay in the country, Prime Minister Manmohan Singh on Friday said a humane and just policy on the resettlement of land oustees was being formulated by the government.
The Rs 56,000-crore (Rs 560 billion) Adani Group on Monday received a major blow from the Gujarat High Court, which ordered a shutdown of 12 units in Adani Ports and Special Economic Zone (APSEZ), located in Mundra, Kutch district, with immediate effect.
After violence in Nandigram, the Government has decided not to give further approvals for Special Economic Zones where acquisition of land is being resisted.
Nokia, which shipped 25 million handsets from its Chennai handset plant last year, is readying itself for a bigger expansion that includes increase in exports and ramping up of its ecosystem at its special economic zone in Chennai.
Reliance Industries has announced the setting up a 2 million tonne per annum petrochemical complex at its special economic zone at Jamnagar with an investment of Rs 13,500 crore (Rs 13.5 billion).
The government is preparing a draft policy for special investment regions that would be spread over an area of hundreds of kilometres and offer investors all the infrastructure for setting up manufacturing units.
For semiconductor manufacturing (wafer fabs) plants, the threshold Net Present Value of investments would be Rs 2,500 crore and the NPV of investments for manufacturing other products would be Rs 1,000 crore.
Peace could at last return to troubled Nandigram block in East Midnapore district, the scene of protests against a proposed special economic zone, with an all-party peace meeting today calling for an end to violence.
Investment proposals under Modified Special Incentive Package Scheme take a hit as firms exit
The government on Monday approved the proposals of Reliance Industries, Wipro, Hewlett Packard and Biocon to set up Special Economic Zones -- a move that is expected to generate at least 67,000 jobs by March 2006.
There are about 400 unused airports and airstrips across the country.
"The Empowered GoM will discuss what to do with the proposals where land acquisition is not an issue and where it is an issue," Commerce and Industry Minister Kamal Nath said.
Essar group on Friday said it will invest Rs 10,500 crore (Rs 105 billion) in a special economic zone at Hazira and augment the steel manufacturing capacity to nine million tonnes, besides expanding the Vadinar refinery.
Bihar does not figure at all in the list of SEZs that have been given either formal or in-principle clearance by the board of approval. In sharp contrast, the Board has cleared a total of 550 proposals across 20 major states.
The central leadership of the CPI(M) and chief ministers of the Left-ruled states of Kerala and West Bengal have discordant views on the question of a cap on the number of Special Economic Zones
Singapore has decided to set up a model special economic zone in India, based on which will be set up two other SEZs. They will be known as Singapore India economic zones.
Genpact, a leading BPO player, on Wednesday announced its expansion plans in Bhopal, Bhubaneshwar and Jaipur.
Singapore plans to develop a Special Economic Zone in India and has suggested forming a study team for greater cooperation in banking sector as part of efforts to enhance economic ties.
Buying of land should be left to developers and land owners: Venkaiah.
The stock jumped 12.9 per cent to Rs 95.80 at Bombay Stock Exchange.
Moser Baer said on Thursday it has sought an additional 25 acres of land to expand its upcoming special economic zone, which is expected to be operational by the end of this year.
