India Properties Gurgaon Real Estate Noida Properties Delhi Properties Gurgaon Properties Real Estate Forum Mumbai Real Estate
Company ProfileAbout Noida Commercial Greater Noida Residential Enquire/Contact Us



SEZs may have own local governance bodies

Filed under:

Large special economic zones (SEZs) are likely to have their own local governance bodies, on the lines of municipal corporations. The commerce and industry ministry is in talks with state governments to prepare guidelines for setting up local governance bodies inside these tax-free industrial enclaves.

Sources said these bodies may either be modelled on the lines of townships developed by state industrial development authorities like the New Okhla Industrial Development Authority (Noida) in Uttar Pradesh, or follow a Jamshedpur-like model, where a corporate house takes care of civic infrastructure.

The commerce ministry will prepare the guidelines but it is for the state government to adopt them, an official said.

More : business-standard.com

Send an E-Mail for Noida Property Enquiry!

Related News from Noida

The first approvals didn’t displace a single farmer: Pillai

Is the SEZ policy getting weighed down by complications? Ever since the SEZ policy has become effective in February - 150 SEZs have been approved but the ministries - commerce, finance and others have quibbled over plot size, processing area, the cap on the number and control of IT SEZs that are the most in number. There are concerns about farmers being displaced, of tax loss and SEZs being a real estate play. Though Commerce Ministry officials say that the real estate impact is being overstated. The total area of 150 SEZs approved so far is 26,800 hectares and that

India to Spend Rs 23,000 Crore on e-Governance

IT companies had set up their R&D units in India and the IT industry as a whole had registered a 30 per cent growth last year. The government has planned to focus on E-governance in the country and is trying for a common system to be ready by 2007, commented Dayanidhi Maran, minister for communications and IT, at an interactive session with representatives of IT industries in the UK at the India House in London.

Noida SEZ plan in limbo as minister says no to forced sale of land

The acquisition of land for the special economic zone being set up by the Anil Ambani Group in Uttar Pradesh seems to have run into rough weather even as the government said it is adopting a hands-off policy in land acquisitions for setting up SEZs. The government is reviewing land acquisition policy for setting up special economic zones (SEZs) and it would no longer be compulsory for owners to sell, commerce minister Kamal Nath said. The whole land acquisition policy is being re-looked at, along with the rehabilitation policy, Nath said, adding, The government has one clear thing on SEZs. SEZs are

Uttar Pradesh offers major sops in new SEZs

Uttar Pradesh has decided to pull out all stops in offering sops to investors ready to set up units in the states newly created Special Economic Zones (SEZs). Investors in the SEZs would not only be entitled to a total tax holiday but would also be free to say adieu to various labour laws and even be free to put up captive power plants to sustain their units, said Atul Gupta, the states industrial development commissioner. A decision to the effect was taken at a meeting of the state cabinet on Tuesday, he told reporters in Lucknow.

HCL Tech to hire 35,000 techies

New Delhi: The countrys fifth-largest software exporter, HCL Technologies will set up three Special Economic Zones (SEZs) in Noida, Chennai and Bangalore over the next two years and will hire about 35,000 software professionals to man them. The Shiv Nadar-led company will have a capital expenditure of about Rs 800 crore over the next two years out of which Rs 500 crore will go toward the three SEZs. Chief Financial Officer of the Noida-based company S L Narayanan said that the first of these SEZs in Noida will be partly operational by middle of next year with an intake of up to



© Noida Properties Powered by: MAAS InfoMedia - The SEO Company