Poll code delays government clearances for SEZ projects
A lot of projects have been delayed for last four months for want of statutory letter of permission (LoP) from the government. Some of them are Dr Reddy’s Andhra Pradesh unit for pharmaceuticals and APIs, Zydus Pharma’s unit in Ahmedabad special economic zone (SEZ) and Alstom Bharat Forge Power’s unit in APSEZ in Gujarat. Headed by commerce secretary Rajeev Kher, the Board of Approval (BoA) which grants these approvals, has not met since November. Due to the imposition of the model code of conduct, the meeting will not happen anytime before the general elections.
Alstom Bharat Forge Power, Sesa Sterlite, Cognizant Technology Solutions, Dr Reddy’s Laboratories, Vedanta Aluminium and Tata Consultancy Services have sought more time to implement their projects. Out of the 572 SEZs, 390 have been notified and 181 are operational.
Source: The Financial Express
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