Sign In / Register
Make This My Home Page | Feedback |RSS
Search
You are here: IE »   Story

Nath tells Pranab: need to meet to rethink SEZ freeze

  • Print
  • Mail This Article
  • Comments
  • In the face of complaints from several states and several SEZ players that the Government’s indecision is costing them time and money — when there are no land-acquisition issues to settle — Union Commerce Minister Kamal Nath has asked for a meeting with External Affairs Minister Pranab Mukherjee to suggest that the 235 already-approved SEZs be notified. Mukherjee heads the empowered Group of Ministers (EGoM) on the issue.

    And that the Rehabilitation Ministry be brought into the loop to look into land acquisition on a case-to-case basis before further approvals. Government sources told The Indian Express that Nath spoke at length to Mukherjee on January 31 from London and sought an urgent meeting before the External Affairs Minister leaves for his trip to Iran on February 6.

    It is understood that Nath, who returns to India tomorrow, impressed upon Mukherjee that like all industries, SEZs also required land and urged him to let the Rehabilitation Ministry look into acquisition aspects.

    With the Budget session later this month, the EGoM is expected to meet early March.

    Meanwhile, sending a clear signal that despite the political noise all around, the SEZ policy is on track, the Board of Approvals, under Commerce Secretary G K Pillai, met today after two postponements (January 10 and 19) and accorded “co-developer status” to five key private entities clearing the way for them to begin operations.

    Those given this status include Motorola and the $60-billion electronics hardware major Foxconn in the Tamil Nadu Small Industries Corporation (SIPCOT) SEZ at Sriperumbudur in Tamil Nadu; Singapore-based Ascendas for the Mahindra World City SEZ in Chennai; Petronet LNG for Cochin Port Trust; Leela Lace Holdings for the Info-city SEZ in Kochi and DLF Assets Private Limited for the DLF Info City in Chennai.

    ... contd.

    Next12
    Express Specials
    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.