Govt okays 11 special economic zones

September 16th, 2010 - 7:28 pm ICT by IANS  

New Delhi, Sep 16 (IANS) The government Thursday approved 11 new special economic zones, five of which are related to information technology and based in Karnataka.
Wipro has got the approval to set up two SEZs, one in Bangalore and another in Mysore district.

Infosys has got the government’s nod to set a SEZ in Bangalore.

Formal approval has been granted for setting up 10 SEZs while in-principle approval has been given to a chemicals and pharmaceuticals SEZ by Vivimed Labs in Srikakulam district of Andhra Pradesh, an official statement said.

So far 577 formal approvals have been granted for setting up of SEZs, out of which 363 have been notified.

According to official data, Rs.1,66,526 crore have been invested in the SEZs, which are providing employment to 5,50,323 people.

During the financial year 2009-10, total exports of Rs.2,20,711 crore was made from SEZs. The exports in the first quarter of financial year 2010-11, has been to the tune of Rs.58,685.46 crore, registering a growth of 68 percent over the exports of corresponding period of the previous financial year.

The other SEZs that have got the government’s approval include Poornimadevi Tech Park Private Limited in Bangalore, Lepakshi Knowledge Hub Private Limited in Ananthapur district of Andhra Pradesh, Suryo Infra Projects Private Limited in Bhubaneswar, Orissa, and Jawaharlal Nehru Port Trust in Mumbai.

– Indo-Asian News Service


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