TCS, DLF Seek Government Nod To Set Up IT SEZs In Uttar Pradesh, Haryana
Special economic zones are major export hubs as the government provides several incentives and a single-window clearance system.
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Tata Consultancy Services Ltd. and DLF Ltd. have sought government nod to set up special economic zones for the IT sector in Haryana and Uttar Pradesh.
These proposals will be taken up by the Board of Approval—highest decision-making body for SEZs—in its meeting in News Delhi on Feb. 26 . The inter-ministerial body is chaired by the commerce secretary.
TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh spread over 19.9 hectares, according to the agenda paper of the board meeting. The total proposed investment for the project is Rs 2,433.72 crore. The development commissioner of Noida SEZ has recommended the proposal for grant of formal approval.
DLF has proposed setting up of two SEZs in Haryana at proposed investments of Rs 793.95 crore and Rs 761.54 crore each.
SEZs are major export hubs in the country as the government provides several incentives and single-window clearance system. As on Nov. 14, 2019, the government has approved 417 such zones in the country. Out of this, 238 zones are operational.
Exports from SEZs grew by about 14.5 percent to Rs 3.82 lakh crore in April-September 2019-20. It was Rs 7.02 lakh crore in entire 2018-19.