Rahejas IT SEZ in Vadodara!
The Centre has given formal approval to four new special economic zones (SEZs) for Gujarat, taking the total SEZs for the state to 55.
The SEZs that received nod at the Board of Approvers’ meet in Delhi on Friday included a textile SEZ by Pradeep Overseas Ltd on 109 hectares (ha) near Ahmedabad, a solar equipment SEZ by Euro Multivision Ltd on 11 ha near Bhachau, and two IT SEZs – by Gauri Shankar Property on 16 ha near Ahmedabad and by Raheja group on 14 ha near Vadodara.
Officials said, Pradeep Overseas – which is in the business of home textiles, home décor and home furnishings, including table linen, bed spreads, quilts, cushion covers and curtains – will be investing Rs 500 crore for the project, which is likely to take place on a land the developers have identified between Ahmedabad and Sanand.
Euro Multivision, which is in the business of renewable energy, will be producing solar cells and other equipment, with an investment of Rs 100 crore off Bhachau.
Though Gujarat has received approvals for 55 SEZs, one of the highest in India, just three are functioning – two in Surat and one in Kandla. Ten have been issued letters of permission (LoPs) to start operation, including Reliance’s SEZ at Jamnagar, Adanis’ at Mundra, Essar’s at Hazira, Zydus’ pharma SEZ near Ahmedabad, the apparel park SEZ in Ahmedabad, and two SEZs by the Gujarat Industrial Development Corporation – one at Dahej and another at Gandhiangar, for electronics equipment.
With this, just nine SEZs remain to be issued LoPs out of the 19 that have been notified for start setting up infrastructure by the Central government.
Rest of the SEZs are at various stages of approval, including 23 which have been given formal approval and seven which have been received an in-principle nod by the Centre.
SEZs were top on the priority list of the 2007 Vibrant Gujarat summit. The summit saw a huge Rs 1.71 lakh crore worth of investment for SEZs out of a total of Rs 4.65 lakh crore.
Related posts: