Infosys Technologies 2 SEZs among those approved by BOA

The Board of Approval of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.

In this meeting, 8 applications for setting up SEZs, including 3 proposals for conversion of in-principle approvals to formal approvals were considered. The Board recommended grant of 4 Formal approvals and 2 In-principle approvals.

The Board has granted formal approvals for two IT/ITES SEZ by Infosys Technologies Limited in Rangareddy District in Andhra Pradesh.

The Board also announced Conversion of In Principle approval to Formal approval for the following SEZs:

IT/ITES SEZ by M/s Genpact India in Rajasthan

IT/ITES SEZ by M/s Enfield Infrastructure Limited in West Bengal

The Board has granted In Principle approvals for a Multi Product SEZ by in Ispat Industries Limited Maharashtra and Biotech SEZ by Veritas Infrastructure Development Limited in Maharashtra.

Addressing the Board of Approval members, the Chairman Shri G.K. Pillai informed that so far formal approvals have been granted for setting up of 362 SEZs out of which 136 have been notified. He informed that over Rs.45377 crores have been invested in these notified SEZs and that these SEZs are providing direct employment to over 38405 persons.

Source : Press Information Bureau

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