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Mukesh Ambani’s SEZ, 27 others get government approval
http://www.newkeral a.com/news. php?action= fullnews&id=46069
New Delhi, July 12 : The Board of Approvals (BoA) today cleared 28 proposals of Special Economic Zones (SEZ), including Mukesh Ambani’s Navi Mumbai project.
The board gave formal approval to 21 SEZs proposals and seven ‘in-principle’ cases.
Why is the govt in a rush to clear SEZ proposals? Because Singur, Nandigram, POSCO and other protests are sending negative signals to investors who rightly anticipate long delays in project clearances. The govt has received a total of 850 applications for SEZs, but only 25 since April 5. 126 have been notified, another 339 have received formal approval, an additional 120 have received in-principle approval, while 40 more are likely to get cleared at the next BoA meeting on July 12. (more…)
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