Govt plans to monetise SEZs, IT parks built on PSU land parcels

Govt plans to monetise SEZs, IT parks built on PSU land parcels

The government may develop information technology (IT) parks and special economic zones (SEZs) on idle land assets of public sector undertakings (PSUs) to convert such lands into revenue-generating and financially viable projects.

This would help in better utilisation of assets that have not been put to use for years, an official said. Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them at low valuations.

A special purpose vehicle (SPV), proposed in the Budget 2021 for monetising land through direct sale or concession, may take over the land assets of PSUs and develop them into software technology, or IT, parks and SEZs.

As per an official, land parcels that cannot be sold due to issues such as their title can be put to better use than being left unutilised for years.

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Also Read: Goa govt PPP cell to enable SEZ e-auction

Also Read: Government approves Adani Power's SEZ project

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