SEZ
The new Prime Minister of India, Mr. Narendra Modi has decided to meet the Secretaries of Commerce and Revenue this Saturday itself. The meeting will discuss all the matters related to Special Economic Zones. Not just that, issues pertaining to tax benefits and its restoration shall also be discussed. On Friday, a meeting was organized [...] Continue Reading »
The central government’s efforts to reform the indirect tax system were welcomed by the State finance minister of Gujarat Saurabh Patel on Monday. He argued that this would rationalize tax collection and also improve economic efficiency across the nation while speaking at the pre-budget meeting with finance ministers of all states and union territories convened [...] Continue Reading »
Kamarajar Port Ltd has it’s eyes on setting up one of the best and state of the art special economic zones across surplus land available in its kitty, says MA Bhaskarachar, Chairman and Managing Director, Kamarajar Port. In Chennai, the port is known to be a major one along with the famous Chennai port and [...] Continue Reading »
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »
The developers – Aditya Birla Group owned Hindalco Industries Ltd, Saraf Agencies and state owned Odisha Industrial Infrastructure Development Corporation (Idco) – are yet to utilise full land within their notified SEZs. Around 115.70ha land is lying vacant in Hindalco’s aluminium products SEZ at Lapanga near Sambalpur. Saraf Agencies have 105.20 ha land lying vacant. [...] Continue Reading »
Reality major Unitech has signed a deal with Aricent and Fidelity to lease about one million square feet in Gurgaon Infospace Tikri special economic zone (SEZ). The deal is estimated to be worth between Rs. 1,000 crore and Rs. 1,100 crore. Three million sq ft of the total 3.3 million available space at the building [...] Continue Reading »
The Software Technology Parks of India (STPI) has requested the state government for reintroduction of provision of zero rated sales under Odisha VAT act for the IT and ESDM (Electronic System Design and Manufacturing) units of the state to make them competitive in the world market in the draft Industrial Policy Resolution (IPR). Earlier, under section-18, the [...] Continue Reading »
Investments are pouring in Visakhapatnam reason being it is in the race to be the capital of Andhra Pradesh. APIIC has received many applications, with majority of them being pharmaceutical companies, which signifies that it has emerged as one of the most potential business destinations. In Visakhapatnam as per AP Industrial Infrastructure Corporation (APIIC),in just [...] Continue Reading »
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 [...] Continue Reading »
As part of its strategy to repay debt, realty major Unitech has recently sold around 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore. Unitech currently has debt of about Rs 6,200 crore, including Rs 150-200 crore from Life Insurance Corporation of India (LIC). It has been reported that the LIC [...] Continue Reading »
