Monday January 5, 02:56 AM

Source: Indian Express Finance

9 SEZ proposals amid slowdown

The government has received nine fresh proposals for setting up special economic zones despite the industry losing appetite for investment in the tax-free enclaves on lack of business confidence in difficult times. The Board of Approval (BoA) in the commerce ministry will consider on January 15 new proposals, including those of infrastructure major Larsen and Toubro and JSW Group. LandT, which has already received approval for three SEZs, proposes to set up another zone for IT and ITeS in Maharashtra, sources said. BoA, chaired by commerce secretary G K Pillai, will also take up proposal from steel giant JSW Group for setting up an SEZ for aluminium in Andhra Pradesh. The group already has two approvals in its pocket for such projects. While the West Bengal project would be for steel products, it would be a port-based venture in Maharashtra. PTI