The government has cleared a proposal to set up 10 new special economic
zones (SEZs), which include those of infrastructure major Larsen &
Toubro. The board of approval (BoA) chaired by commerce secretary GK
Pillai also gave the nod for 11 investors to join as co-developers in
SEZs across the country. Three SEZs in Mundra have been allowed to
merge after a clearance from the empowered group of ministers (EGoM).
The combined area of the three SEZs, to be developed on an investment
of Rs1 trillion, would exceed the 5,000-hectare ceiling and thus
required a clearance from the EGoM. Pillai said the combined Mundra SEZ
will induct six investors as co-developers with one SEZ among the three
setting up a 300-mw power plant. The SEZ Act 2005 provides for a
single-window SEZ approval mechanism through a 19-member
interministerial SEZ BoA. The commerce secretary is the BoA chairman.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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