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Govt approves TCS, DLF proposals to set up SEZs for IT in Haryana, UP

The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 in New Delhi

Press Trust of India  |  New Delhi 

IT sector
SEZs are major export hubs in the country as the government provides several incentives and single-window clearance system | File Photo

The government has approved the proposals of software firm and realty major to set up special economic zones (SEZs) for in and

The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 in New Delhi. The inter-ministerial body is chaired by the commerce secretary.

has proposed to set up an IT/ITeS SEZ in Noida, Uttar Pradesh, on 19.9 hectares land. The total proposed investment for the project is Rs 2,433.72 crore.

"The board, after deliberations, approved the proposal for setting up of sector specific SEZ for IT/ITeS at Noida over an area of 19.9 hectare," according to the minutes of the board meeting.

Similarly, the two proposals of also received nod from the board.

has proposed to set up two in The proposed investments for these projects are Rs 793.95 crore and Rs 761.54 crore.

However, the board said that the approval for DLF is "subject to the condition that the letter of approval for setting up of units would be issued only after the requirement of contiguity of the SEZ is fulfilled by the developer as per the relevant rules and instructions"

are major export hubs in the country as the government provides several incentives and single-window clearance system.

As on November 14, 2019, the government has approved 417 such zones in the country. Out of this, 238 zones are operational.

Exports from these zones grew by about 14.5 per cent to Rs 3.82 lakh crore in April-September 2019-20. It was Rs 7.02 lakh crore in entire 2018-19 financial year.

First Published: Fri, March 06 2020. 13:28 IST
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