Union Government gives nod to 6 new Special Economic Zone (SEZ) proposals

Board of Approval (BoA) for Special Economic Zone chaired by Commerce Secretary Rita Teaotia taken decision for approval for six new proposals, including four from IT and ITeS sector, for setting up of Special Economic Zones (SEZs) by the Government.
The approved SEZ proposals are
  • HCL IT City Lucknow- set up IT/ITeS zones in Lucknow, Uttar Pradesh.
  • Loma IT Park Developer- set up IT/ITeS zones in Mumbai, Maharashtra.
  • North Mumbai International Commodity Township- It is proposed free trade warehousing zone in Thane, Maharashtra.
  • Exports from these zones rose to Rs 4.94 lakh crore in 2013-14, from Rs 22,840 crore in 2005-06.
  • Formal approval has come for 416 proposals, of which 330 SEZs have been notified. As many as 36 such zones are operational in Tamil Nadu, followed by Karnataka, Telangana (26) and Maharashtra (25).
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