Wednesday, April 4, 2001
fesub.gif (4328 bytes)
Full Story
fe.gif (834 bytes)
India's first e-business paper
flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
 

Seepz, MIDC to develop more SEZ space 

Kailash Rajwadkar  
Mumbai, April 3: Exporters who are left with few options to set up their units in special economic zones (SEZs) for want of space, may now feel less constrained.

Seepz, which has achieved the status of SEZ, is to sign a memorandum of understanding (MoU) with MIDC to develop six lakh square feet of commercial space for infotech units. Similarly, Diamond and Gem Development Centre, an erstwhile EPZ (export processing zone) now rechristened as Surat SEZ, has already seen around 15 units (largely in the diamond trade) commencing its operations with another 10 units waiting in the wings.

As of now, units under SEZ are available at Seepz, Kandla, Cochin and Surat though none of them, with the exception of Surat has any space to offer.

Seepz has a total of 210 units with hardware, software and gems and jewellery being allotted 70 units each, while Kandla SEZ has been hampered by the devasting earthquake with around 400 units out of 800 being said to be non-operational. Activity at Cochin SEZ is restricted to infotech and spices units. While the initiative by the respective state governments to set up SEZs are still on paper, Positra in Gujarat and Dronagiri in Maharashtra are few locations, where SEZs are taking shape. Positra SEZ Director, Piyush Goyal, believes that simplification of procedures and clarity in the exim policy would trigger off huge FDI through SEZs in the country.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 2001: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.