Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
The Videocon group will directly acquire land from the farmers with the West Bengal government assistance for its special economic zones in the state.
Production of mobile phones from Motorola's manufacturing facility, coming up at a special economic zone at Sriperumbudur near Chennai, will begin in the first quarter of next year.
The Haryana government is considering the proposal to set up special tourism zones on the pattern of special economic zones in the state and places of historical importance would be developed as tourism destinations
Since no communication has been received from the Goan govt. on the cancellation of SEZs, the issue remains unresolved.
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.
The Centre has proposed to set up a special economic zone for renewable energy device manufacturers, at a proposed investment of Rs 30,000 crore (Rs 300 billion), according to Union Minister of State in charge of non-conventional energy, Vilas Muttem
Commerce ministry will issue notices to 57 formally approved SEZs. If the notices are not replied to, the approvals will stand cancelled.
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.
The developers of special economic zones may not get tax benefits for the money spent on meeting the contiguity norms.
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.
India's third largest software exporter, Wipro Ltd, has said its proposed special economic zones (SEZs) in Pune and Chennai would be operational in 18 months.
Indian Oil Corporation signed an agreement with West Bengal government on Wednesday for setting up a world class petroleum, chemical and petrochemical hub at Haldia.
After reproaching the International Monetary Fund for its attack on India's SEZ policy, Union Commerce Minister Kamal Nath has criticised the Reserve Bank for its 'inconsistent approach' towards special economic zones. \n
The Reserve Bank of India on Thrusday ruled out any concessional finance to developers and units in these zones, saying they should be treated on par with real estate projects.\n
Faced by criticism on its special economic zone policy, the government is preparing guidelines for acquisition of land from farmers for setting up SEZs.
Ever since the Chinese-owned Apache SEZ went into full-scale production exactly a year ago, a lot has improved for Tada and its 100,000-plus inhabitants.
The International Monetary Fund on Thursday asked India to "very carefully" look at the much-touted Special Economic Zones, saying the giveaways and tax sops to the zones could divert industrial activity from the rest of the country.
Seeking the abolition of the SEZ policy, the INLD suggested framing of Manufacturing Investment Region policy to boost investment and production.
For tapping high growth units in special economic zones, a host of Indian banks had established offshore banking units in 2003-04 in these duty free enclaves
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.
The proposed SEZ will have various facilities including processing centers and cold storage and other critical infrastructure facilities required for marine food exports.
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
The Karnataka government on Monday cleared IT major Tata Consultancy Services' proposal for special economic zones at four locations in the state with a combined investment of Rs 1,150 crore.
The world's second-largest computer chip maker Advanced Micro Devices is planning to invest about $500 million in SemIndia's proposed chip manufacturing facility near Hyderabad.\n\n
The government is likely to raise the number of special economic zones from 150 at present in view of the enthusiastic response from manufacturing and services companies.
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