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    TCS, DLF seek govt nod to set up SEZs

    Synopsis

    These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26. The inter-ministerial body is chaired by the commerce secretary. TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares, according to the agenda paper of the board meeting.

    Agencies
    SEZs are major export hubs in the country as the government provides several incentives and single-window clearance system.
    Software firm TCS and real estate major DLF have sought government nod to set up special economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh. These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26 here. The inter-ministerial body is chaired by the commerce secretary.

    TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares, according to the agenda paper of the board meeting.

    The total proposed investment for the project is Rs 2,433.72 crore.

    DLF has proposed to set up two SEZs in Haryana. The proposed investments for these projects are Rs 793.95 crore and Rs 761.54 crore.

    The requests of these two companies have been placed before the Board of Approval for consideration, it said.

    Exports from SEZs rose 14.5% to Rs 3.82 lakh crore in April-September 2019-20. It was Rs 7.02 lakh crore in entire 2018-19 financial year.

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    2 Comments on this Story

    Valerian Pereira285 days ago
    29 states with 800 million youth.
    Time all IT majors set up IT hubs in all 29 states and tap the brainpower flowing like OCEAN ..of power.
    tap the brain energy.skill.
    today with:
    Icloud/IoT/robotics/3D/Drones/Biotech/Genomics..etc.
    Tap state of art tech with Algorithm...
    Abhishek285 days ago
    We consider the forests and wildlife as an impediment to progress. The article states that the clearances be expedited.
    Does one even understand why there might a need for an elevated highway? The cost of construction of one requires much more money that a regular highway. Is it needed? Only the ruling party and its contractor allies will benefit from this pillage and plunder (of the treasury and of nature).
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