New Delhi, January 14, 2008: The Adani Group’s multi-product SEZ in Mundra could be heading for trouble. The finance ministry, which had raised questions about Mundra SEZ operating from an existing port, has rejected the clean chit given to the project by the Attorney General. The finance ministry’s contention is that the SEZ Act lays down that the zone has to be built on an area vacant and free from all encumbrances, and the Mundra zone did not qualify to be classified as an SEZ. (more…)
T N C Rajagopalan
New Delhi January 14, 2008: Last week, I had written that amendments to the legal provisions allowing de-notification of Special Economic Zones (SEZ) would discourage investors. Some readers have written supporting the view. Some others have written expressing serious misgivings. Looks like the controversy regarding SEZ will not die down easily. (more…)
New Delhi, January 14, 2008 (PTI): The Punjab government has received two new proposals worth Rs 2,367.22 crore for setting up special economic zones (SEZs) at a total area of 110.80 hectares. (more…)
New Delhi< January 15, 2008: Torrent Power, a part of the $1 billion Torrent Group, today invited bids from domestic and global developers for setting up a 400 MW gas-based power plant in Dahej Special Economic Zone. The company invited bids for engineering, procurement and construction of a combined cycle power plant of 350-400 MW capacity at Dahej SEZ in Bharuch, Gujarat. (more…)
Mumbai, January 15, 2008: With an investment of $300 million lined up for its various plants across the country in next three years, Cummins India is planning to move all its export oriented units (EOUs) in the country to special economic zones (SEZs) in the near future. (more…)
Panaji, January 13, 2008: The general secretary of the Communist Party of India, Mr A B Bardhan is not in favour of people opposing the industries in the state as he feels that the teachers, engineers, skilled and unskilled labourers require industry for survival but he extended support to the demand for de-notification of Special Economic Zones in Goa. (more…)