60 SEZ projects given extra time for completion

Mukesh Ambani-promoted Navi Mumbai SEZ, Reliance Haryana SEZ, Cognizant Technology, Parsavnath Group and Mahindra and Mahindra are among 60 Special Economic Zones given extra time for completion.

At its meeting last month, an inter-ministerial Board of Approval (BoA) also allowed denotification of an IT/ITeS SEZ of Satyam Computer Services at Visakhapatnam, a Commerce Ministry official said today.

Bengal Shapoor Infrastructure's sector specific SEZ for IT/ITES approved for Kolkata was also denotified.

The BoA extended the validity period of formal approval of Cognizant Technology, granted for setting up of IT/ITES SEZ at Ranga Reddy district in Andhra Pradesh.

Besides, it approved the second extension of the validity period of formal approval to Parsavnath and Unitech Realty for setting up of IT/ITES SEZ at Coimbatore and Gurgaon respectively.

Mukesh Ambani's Reliance Haryana SEZ, was given second extension of the validity period of formal approval, granted for setting up sector specific SEZ for multi-services in Gurgaon.

The board gave third extensions of validity of formal approval to eight developers, including Mahindra and Mahindra for a period of one year.

The government, however, deferred the decision on a request from Navi Mumbai SEZ (NSEZ) for splitting itself into five zones, seeking more details from the developer.

"Keeping in view the objections raised by Department of Revenue, the Board directed to constitute a committee to scrutinise the revised proposal of NSEZ for its proper appreciation," an official said.