TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares.
Software
firm TCS and realty major DLF have sought government nod to set up
special
economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh.
These
proposals will be taken up by the Board of Approval, the highest
decision-making body for SEZ, in its meeting on February 26 here. The
inter-ministerial body is chaired by the commerce secretary.
TCS
has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an
area of 19.9 hectares, according to the agenda paper of the board
meeting.
The
total proposed investment for the project is Rs 2,433.72 crore.
Development
Commissioner of Noida SEZ has recommended the proposal for grant of
formal approval for setting up the zone.
On
the other hand, DLF
has proposed to set up two SEZs in Haryana. The proposed investments
for these projects are Rs 793.95 crore and Rs 761.54 crore.
The
requests of these two companies have been placed before the Board of
Approval for consideration, it said.
SEZs
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.
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