Fresh NOCs for extension of validity mandatory for SEZs

The Union Government is likely to take up the issue of granting a third extension to the approval given to four SEZs, including Reliance Haryana's multi-product SEZ in Gurgaon and Suzlon Infrastructure's high-tech SEZ in Karnataka.

The proposed extension is expected to be granted only if the government gets fresh no-objection certificates (NOC) from the respective state governments.

The other two SEZ proposals which have sought extensions for the third time are Chhattisgarh Infrastructure Development Corporation's gems & jewellery SEZ in Raigarh and RNB Infrastructure's textile SEZ in Coimbatore district, Tamil Nadu.

Current, SEZ rules allow a three year period for acquiring land and executing a project following its approval and allow up to two extensions of one year each. Since the four projects have already been given two extensions, the third extension is like seeking fresh approval. Therefore, it becomes necessary that the respective state governments give their no-objection certificates.

The Board of Approval meeting for SEZs is likely to be scheduled on 30 September 2009.


Source : ProjectsToday

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