According to NASSCOM and McKenzie, it is projected that Indian IT sector will need around nine million employees and currently it has only 3.2 million, he informed.
Mumbai-based real estate developer, Royal Palms, is developing Mumbai's first Gem & Jewellery Special Economic Zones on a private land at an expenditure of Rs 400 crore.
Country's largest gold importer MMTC Ltd has decided to join the SEZ bandwagon by setting up a gems and jewellery park in joint venture with a private player in the tax-free enclave.
After the 1,200-acre special economic zone at Noida and the Anil Dhirubhai Ambani Group's gas-based power plant at Dadri, Lanco Kundapalli's 1,000-Mw Anpara C power project in Sonebhadra district of Uttar Pradesh has come under the scanner
Ahlstrom, a global market leader in high performance fibre-based materials, has signed an MoU with Mundra Port and special economic zone of the Ahmedabad-based Adani group for 50,500 Sq Mtrs area in the Textile and Apparel Park.
New applicants for Special Economic Zones (SEZ) would have to wait for up to a year before their cases are considered by the Board of Approvals (BoA).
On April 5, the Empowered Group of Ministers put a cap on size for SEZ to 5,000 hectares after land acquisition in Nandigram, West Bengal turned violent killing 14 persons in police firing.
The Indian government is open to making changes in 5,000-hectare land ceiling for Special Economic Zones which was decided at the meeting of Empowered Group of Ministers about two weeks back.
The government has approved a Rs 675 crore (Rs 6.75 Special Economic Zone by Finnish telecom major Nokia near Chennai.
Karnataka has received in principle approval from the Centre for setting up a special economic zone across its three coastal districts.
The Centre is contemplating to create Special Economic Zones for various service sectors in different parts of the country, Union Minister for Commerce and Industry Arun Jaitley said in Kolkata on Tuesday.
By a rough estimate, the company will have to pay Rs 3,750 crore for land acquisition.
While the manufacturing facility would be located in the Jawahar Pharma City, a pharma special economic zone near Visakhapatnam, the R&D facility would be set up in the phase 3 biotech park near Hyderabad.
Bihar Chief Minister Nitish Kumar on Monday said the Prime Minister should convene an all-party meet to discuss the merits and demerits of SEZs.
Orient Craft Ltd, one of India's largest garment and apparel exporters, plans to to raise between Rs 250-350 crore (Rs 2.5-3.5 billion) from the capital markets in the first half of 2007, to fund its proposed expansion drive.
Narendra Modi is no reformist, but here's how he could yet change the path India's economy.
The Videocon group plans to set up a multi-product special economic zone at Shendra in Aurangabad district of Maharashtra at an investment of Rs 6,600 crore (Rs 66 billion).
Global computer major Dell on Thursday signed a memorandum of understanding with Tamil Nadu government to set up its first manufacturing plant to make desktop PCs in the Special Economic Zone near Sriperumbudur.
Anil Dhirubhai Ambani group chairman Anil Ambani on Saturday committed to set up a Special Economic Zone in Chennai and also invest Rs 12,000 crore for a 1,000 MW power plant, IT Park and desalination project.
Real estate and hospitality major Hiranadani Constructions on Friday said it has plans to set up two Special Economic Zones - one in Powai and the other in the city periphery.
Lupin proposes to set up a sector-specific special economic zone in Maharashtra to produce API and formulations with an initial investment of Rs 200 crore (Rs 2 billion).
Divestment Minister Arun Shourie said on Tuesday that administrative delays were affecting the growth of exports in the country.
There seems to be no respite for Adani Group companies from the market carnage. All 10 stocks belonging to the conglomerate came under a fresh bout of intense selling pressure on Wednesday as the group's debt levels and repayment capabilities continued to plague investors. Analysts said investors are also concerned about whether the group will be able to maintain its pace of growth, given the current turmoil that has wiped out over Rs 12 trillion in market capitalisation (m-cap) since the start of the year.
Reliance Industries Ltd said its two other proposed SEZs in Mumbai would contribute Rs 50,000 crore (Rs 500 billion) to the country's exports once they are operational.\n
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