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TCS, DLF seek govt nod to set up SEZs

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.

ET Bureau|
Last Updated: Feb 24, 2020, 08.02 PM IST
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SEZ
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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