Wait...
  1. Home >
  2. Export Import News >
  3. SEZ >
  4. 8 SEZ developers seek cancellation of projects >
  5. 8 SEZ developers seek cancellation of projects

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

8 SEZ developers seek cancellation of projects.


Date: 03-03-2017
Subject: 8 SEZ developers seek cancellation of projects
NEW DELHI: Eight developers, including Bangalore International Airport and Gokaldas Images Infrastructure, have approached the government to surrender their Special Economic Zone (SEZ) projects.

These applications would be considered by the Board of Approval (BoA) headed by Commerce Secretary Rita Teaotia on March 8.

The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters.

The approvals to these SEZ developers were granted by the board during 2009 and 2011.

Since there is no significant progress made by the developer, the concerned development commissioner has proposed for cancellation of formal approval granted to the developer, an official said.

All the eight SEZ projects are in IT/ITeS sector.

Bangalore International Airport and Gokaldas Images Infrastructure had received the approvals for setting up IT/ITeS zones in Karnataka.

Salarpuria Properties, San Engineering and Locomotive Company and Concord India are also among the developers that have sought cancellation of the projects.

SEZs are export hubs which contribute about 16 per cent to the country's total outbound shipments.

The Commerce Ministry is taking steps to revive investors interest in these zones. It has time and again asked the Finance Ministry to extend sops like rollback or reduction in the minimum alternate tax.

Exports from these zones stood at Rs 2.36 lakh crore during April-September 2016. Gujarat, Karnataka, Tamil Nadu, Maharashtra, Telengana and Uttar Pradesh are among the states which contributed the most to exports.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-01-2020
A.P. (DIR Series) Circular No.17
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)

Date: 17-01-2020
TRADE NOTICE NO. 46/2019-20
Mis-classification goods under 'Others' category at the time of Import- reg.

Date: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 15-01-2020
Circular No 03/2020-Customs
Implementation of PGA e-SANCHIT– Paperless Processing under SWIFTUploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs – reg

Date: 15-01-2020
A.P. (DIR Series) Circular No. 16
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment

Date: 14-01-2020
PUBLIC NOTICE No. 56/2015-2020
Amendments in Standard Input Output Norms (SION) of Engineering Product group: Suspension of SION C-888 - reg

Date: 14-01-2020
Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 13-01-2020
Notification No. 05/2020 – Central Tax
Seeks to appoint Revisional Authority under CGST Act, 2017.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001