OF AIRPORTS AND IT PARKS…
The Hindu Business Line
The proposed airport at
These were some of the issues that cropped up at an interactive session on ‘Union Budget-2009’, jointly organised by the Hyderabad Karnataka Chamber of Commerce & Industry (HKCCI) and The Hindu Group.
There is considerable interest for the development of an IT Park. What are the requirements and does
PRIVATE FIRMS PUT SEZ PLANS ON HOLD
New Delhi
Financial Chronicle The Economic Times (
In view of the slowdown, the credit-crunched private firms have put on hold their plans for setting up special economic zones (SEZ) in the national capital
At a recent meeting with Delhi chief secretary Rakesh Mehta besides other industries department officials, private developers such as DLF Commercial Developers and Consolidate Finvest and Holdings expressed their inability to invest in the project.
“All the private developers who were keen to set up the special zones were not keen to invest at this time, citing financial crunch,” the chief secretary said.
He said only two projects of the state government's own DSIIDC (Delhi State Industrial and Infrastructure Development Corporation) have been given approval for development of IT park and gems and jewels SEZ. The DSIIDC SEZ projects will now be reviewed by the commerce ministry for final approval, Mehta added.
Since the notification of the Delhi SEZ policy in February, the state government had received eight proposals from the developers with some of them even identifying the location for their projects. While Sweet Home Estate has identified land in Vasant Kunj, both Sumit Apartments and Consolidate Finvest and Holdings planned SEZ in Nazafgarh and DLF Commercial Developers in Jasola.
As per SEZ policy endorsed by Delhi Cabinet in 2006, no polluting industries will be allowed to be set up inside SEZs and environmental clearance will be a must for all projects except those dealing with ITES.