eGoM clears 83 SEZs, caps max area at 5,000ha

eGoM clears 83 SEZs, caps max area at 5,000ha

BS Reporter / New Delhi April 6, 2007

After months of controversy, the empowered group of Union ministers (EGoM) today lifted the political freeze on special economic zones permitting the commerce ministry to approve and notify more zones.

However, while doing this, the government imposed a cap of 5,000 hectares on the maximum permissible land size of a zone, directly impacting the plans of four large developers