Govt to consider five proposals for setting up new SEZs

The commerce ministry will consider five proposals of SEZ developers, including Oracle India and L&T Construction Equipment, for setting up new Special Economic Zones. These applications will be considered by the Board of Approval (BoA). Oracle India and L&T Construction Equipment have proposed to set up IT and ITeS SEZs in Karnataka. The latter has proposed two zones. Another developer, Modern Asset, has planned two IT and ITeS zone in Karnataka spreading over 2.33 hectare. Currently, the highest number of SEZs are operational in Tamil Nadu, Karnataka, Telangana and Maharashtra. Contact: Ministry of Commerce. Website: www.commerce.gov.in