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Centre okays 3 new SEZs in Telangana
In a fresh boost to the state’s information technology sector, the Union government has approved proposals from the Hyderabad-based infrastructure developer GAR Corporation to set up two IT and IT-enabled services (ITeS) special economic zones (SEZs) in Telangana on 1.6 hectares and 2.56 hectares at Kokapet in Hyderabad.
Hyderabad: In a fresh boost to the state’s information technology sector, the Union government has approved proposals from the Hyderabad-based infrastructure developer GAR Corporation to set up two IT and IT-enabled services (ITeS) special economic zones (SEZs) in Telangana on 1.6 hectares and 2.56 hectares at Kokapet in Hyderabad.
Vaxenic India, also from Hyderabad, too received the Centre’s nod to establish a biotechnology SEZ in 11.47 hectare at Kolthur village in Shameerpet mandal on the city outskirts.
SEZs are export hubs, which contribute about 23 per cent to the country’s total outbound shipments. Exports from SEZs logged a marginal growth of 0.77 per cent to Rs 4.67 lakh crore in 2015-16.
The exports from such 204 zones were Rs 4.63 lakh crore in 2014-15. As per the Commerce Ministry’s data, as on March 31, these zones had attracted investments worth Rs 3.76 lakh crore and generated employment for 15.91 lakh people.
In all, the central government has approved six proposals from four developers to set up new SEZs across three states in areas such as IT and biotechnology.
The decision was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its November 9 meeting, an official said on Tuesday.
