National Association of Software and Service Companies advocated the creation of Special Economic Zones
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.
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.
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.
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.
Covishield vaccine production won't be hit due to the fire, Serum Institute of India Chief Executive Officer Adar Poonawalla said. The Manjari facility is where the Covishield vaccine used in the nationwide inoculation drive against the pandemic is made.
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).
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.
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.
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.
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.
"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.
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.
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.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
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.
Buying of land should be left to developers and land owners: Venkaiah.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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.
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