Noida SEZ has 400 units and around 100,000 workers, and was shut down on March 23.
NIIT Technologies said on Tuesday it has got the regulatory approval to set up a special economic zone in Greater Noida.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
References to the repealed laws for service tax, purchase tax, etc, continue in the SEZ laws.
Up to 95 per cent of units in the Noida-Greater Noida mega industrial zone are currently shut.
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