Source: Times Of India December 12, 2008

Notwithstanding major land acquisition disputes and on-going farmers' agitations, a high level board headed by Union commerce secretary G M Pillai on Monday approved seven new special economic zones - five in the Konkan and two in Pune region.

"The board approved seven proposals. It will attract an investment of Rs 8,000 crore, create an estimated 2.5 lakh jobs and will require 5,000 hectares of land. For Maharashtra, which is already on top in terms of industrial investment, the new SEZs will give a further boost," a senior official told TOI on Wednesday.

Significantly for the seven SEZs, the entire land is already in possession of the developers, so it will not be difficult for the promoters to execute the project in a time bound period. As per the Centre's new policy, approval for an SEZ project is granted only after the promoter submits an affidavit, saying the entire land required for the project is in his possession." he said.

Source: Times Of India December 11, 2008New SEZ in Raigad

Prafulla Marpakwar|TNN

Mumbai: Notwithstanding major land acquissition disputes and on-going farmers' agitations, a high-level board headed by Union commerce secretarty G M Pillai on Monday approved seven new special economic zones - five in the Konkan and two in Pune region.

"The board approved seven proposals. It will attract an investment of Rs. 8,000 crore, create an estimated 2.5 lakh jobs and will require 5,000 hectares of land. For Maharashtra, which is already on top in terms of industrial investment, the new SEZs will give a further boost," a senior official told TOI on wednesday.

Signnificantly, for the seven SEZs, the entire land is already in possession of the developers, so it will not be difficult for the promoters to execute the project in a time bound period. "As per the Centre's new policy, approval for an SEZ project is granted only after the promoter submits an affidavit, saying the entire land required for the project is in his possession," he said.

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