Market Sources, 2009-05-29
by India Research Team
Delhi, India
SEZ
Government made certain amendments for big SEZs
According to The Economic Times, the government has decided not to apply an area limit of 5,000 hectares for special economic zones (SEZs) if two or more such zones are merged.
In an amendment to the SEZ rules, the government has also allowed developers more freedom on selecting the location by defining ‘vacant land’ where a special zone can be set up as land where there are no functional ports, manufacturing units, industrial activities or structures in which any commercial or economic activity is in progress.As per the SEZ (second amendment) rules published in the Gazette of India this week, the Centre may consider on merit the clubbing of contiguous (adjoining) existing notified SEZs notwithstanding that the total area of resultant zones exceeds 5,000 hectares, states The Economic Times.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, and has revenue of over USD 2 billion.
Contact Information
India.Research@colliers.com
 back to top
|