ALSO READResolve issues of Navi Mumbai SEZ by Aug 30: BoA to Maha govt Govt cancels approvals to 8 special economic zones Exports from SEZ up 12 pc to Rs 5.24 lakh cr in 2016-17 China asks Pakistan to expedite establishment of Special Economic Zones SC to hear plea against non-operational SEZs in country
The inter-ministerial board is the highest decision making body of the Centre on issues related to special economic zones (SEZs).
The state's request assumes significance as the BoA at its last meeting in July has asked the state government to resolve all operational and regulatory issues concerning NMSEZ by August 30, failing which it would be de-notified.
Development Commissioner of Navi Mumbai SEZ has stated that the state government, City and Industrial Development Corporation (CIDCO) and NMSEZ are in the process of resolving certain operational and regulatory issues.
CIDCO said the matter is now referred to Advocate General of the state to seek his legal advice on issues, which may take some more time.
This request "is placed before the BoA for consideration," it added.
Earlier, the developer -- Navi Mumbai SEZ Ltd -- had intimated to the board that it has not been able to operationalise the proposed SEZs because the Maharashtra government did not enact the state SEZ Act. In absence of the legislation, entrepreneurs were not willing to set up units in the zones, it said.
The developer has planned eight SEZs. Out of this, six zones got formal approval from the BoA in 2007, while the remaining two were approved in 2009.
The eight zones are from IT/ITeS (4), multi-services (2), multi-product (1), gems and jewellery (1) sectors.
An SEZ area is considered to be a foreign territory for trade operations and duties. They are developed as export hubs.
Exports from SEZs grew nearly 12 per cent to Rs 5.24 lakh crore in 2016-17.