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Govt may raise SEZ count
By agencies
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Thursday, 17 August 2006, 19:30 IST
NEW DELHI: The government is likely to raise the number of Special Economic Zones (SEZ) from 150 at present in view of the enthusiastic response from manufacturing and services companies.
"The limit of 150 was set to see the response. Now, a review will be held (before more SEZs are approved)," private TV NDTV reported Commerce and Industry Minister Kamal Nath as saying.
The limit was fixed by the Empowered Group of Ministers (eGoM), headed by Defence Minister Pranab Mukherjee, the TV said.
"When the limit was set, we had decided to review the situation once we reached the 150 mark. The SEZ Act does not put any limit to the number of SEZs that can be set up across the country," Nath said.
The government's SEZ scheme has drawn a tremendous response from corporates. The government has so far received about 388 proposals, including from companies such as Reliance, Infosys, Wipro, DLF and ONGC.