Andhra Pradesh is to house the country's first Special Economic Zone (SEZ) for Small and Medium Enterprises (SMEs). The first phase of the project, meant to house about 60 SME pharmaceutical manufacturing units in 200 acres of land is to be ready by mid-2008.
Trinamul Congress leader Dinesh Trivedi on the violence in Nandigram.
Leading realty firm Parsvnath Developers Ltd on Friday said it has put on hold 12 Special Economic Zone projects across the country due to credit crunch.
After topping it for two consecutive years, Gujarat slipped three places on the NITI Aayog's Export Preparedness Index (EPI) for 2022, as Tamil Nadu emerged as the most export-ready state, the central think tank said in its report released on Monday. In a continuing trend, coastal states were found to have the most robust export infrastructure, which officials attributed to the integration of maritime trade into the core of their economies. Maharashtra and Karnataka retained their positions -- second and third, respectively; Haryana was ranked first among landlocked states and fifth overall.
The hubs will feed Europe, US and the Gulf.
The Videocon group will directly acquire land from the farmers with the West Bengal government assistance for its special economic zones in the state.
Satyam Computer Services has signed a memorandum of understanding with Maharashtra Airport Development Company to acquire 100 acres in the Nagpur special economic zone.
Emaar MGF, a joint venture between Dubai-based Emaar Properties and India's MGF Developments, is likely to invest about $12 billion in India in the next five years for setting up nine special economic zones and 50 hospitals.
Maharashtra government, which is facing the heat over land acquisition for the special economic zones has written to the Centre asking it to clarify the scope of the term compulsory land acquisition.
Uttar Pradesh Chief Minister Mayawati on Friday said all major decisions of the previous Mulayam Singh government, including Reliance Energy's Dadri power project, would be reviewed.
The Mayawati-led Uttar Pradesh Cabinet decided to refer the 1,200-acre SEZ proposal to New Delhi as it violated the contiguity norms laid down by it.
A high level committee had found the lapses and hence the government has decided to recommend the irregularities to the Centre.
Mumbai-based Akruti Nirman said on Tuesday it has sought approval from the Board of Approval to set-up three special economic zones, one in Mumbai and two rest in Pune.
Seeking the abolition of the SEZ policy, the INLD suggested framing of Manufacturing Investment Region policy to boost investment and production.
The proposed SEZ will have various facilities including processing centers and cold storage and other critical infrastructure facilities required for marine food exports.
Close on the heels of announcing sops for special economic zones, the government on Friday assured exporters that it will take more steps to enable them to compete globally.
Up to 95 per cent of units in the Noida-Greater Noida mega industrial zone are currently shut.
The empowered goup of ministers on special economic zones (SEZs) on Thursday cleared 83 proposals
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.
Most of the Adani Group companies fell in the morning trade on Friday and flagship Adani Enterprises tumbled 10 per cent after index provider MSCI decided to reduce the weightage of four firms in its indices following a review. Amid volatile trading in the market, seven Adani Group firms were in the negative territory while three others were in the green. Adani Enterprises plunged 10 per cent to Rs 1,734.60 per share, its lower price band on the BSE, and the company's market valuation dropped to Rs 2.14 lakh crore.
The eGoM, headed by External Affairs Minister Pranab Mukherjee, is likely to take up issues including demand from developers to revise the 5,000 hectare land ceiling for one SEZ.
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.
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