Special economic zone
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
Lack of basic amenities, connectivity, power problem and transportation causes hindrance in the much famous IT special economic zone that Rushikonda houses which is hardly 15 firms out of nearly 100 odd IT and ITeS players who call Vizag their home. The representatives of several IT companies and other industrial bodies are scheduled to meet [...] Continue Reading »
Wipro and Tech Mahindra are apparently keen on making investments in Andhra Pradesh. The interest of the two companies in investing the State has become evident from the fact that they have approached the State Government to seek land for setting up facilities which will create employment opportunities for 12,500 people. With regard to the [...] Continue Reading »
Anand Rathi Institutional Research has many expectations from Finance Minister Arun Jaitley’s maiden budget to be presented on July 10. They want the revision of the interim budget fiscal deficit target upwards and a clear roadmap to recapitalize public-sector banks. They also have a list of other expectations listed below- For the Technology sector, they expect [...] Continue Reading »
There is some good news for Infosys which has not been performing as per the guidance issued by them. The state-run Odisha Industrial Infrastructure Development Corporation (IDCO) has urged the Falta Special Economic Zone (SEZ) to issue the letter of permission (LoP) to IT major Infosys to start operations at its second development centre in Bhubaneswar. [...] Continue Reading »
The Maharashtra Airport Development Company is currently in search for new builders so that their job can be completed. This was because the residential project named First City was entangled in controversy. The planning took place in Mihan-SEZ and was consuming indeed since the controversy wasted a total of three years. In year 2008, after [...] 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 »
An analyst says that the UPA government’s special economic zone (SEZ) scheme whose aim is to create infrastructure to facilitate exports appears to have failed. More than 60 percent of the total land under the SEZs is vacant years after the scheme launched in 2006. Till now the government has notified 389 SEZs. As per [...] Continue Reading »
Last week, in the presence of chief minister Prithviraj Chauhan and minister of state for industries Sachin Ahir, the state industries department had signed 32 Memoranda of Understanding (MoUs) for Greenfield projects with various firms involving total investment of Rs 23,850 crore, but ministers are raising doubts over whether or not the projects will take [...] Continue Reading »
To be able to meet the investment target of Rs 5000 crore in public infrastructure through public private partnerships (PPPs) for the12th Plan period (2012-17), Odisha’s state planning & coordination department has invited proposals from government departments and agencies. The PPP projects are to be taken up in socio-economic sectors like agriculture, water supply, health care, education, municipal services, warehousing, [...] Continue Reading »
