Over 140 SEZ developers to get more time for projects: Nirmala Sitharaman

Over 140 SEZ developers to get more time for projects: Nirmala Sitharaman

During the last three years and the current fiscal up to January, the commerce ministry has granted more time to as many as 143 developers of SEZ to complete their projects, Parliament was informed on Wednesday.

Commerce and Industry Minister Nirmala Sitharaman said that some SEZs developers have sought additional time for the execution of their projects for various reasons including adverse business climate due to global recession, delay in approvals from statutory bodies and delay in environmental clearance.

“During the last three years and the current financial year (up to January, 2017), BoA (Board of Approval) has granted more time to 143 developers of SEZ across the country to complete their projects,” she said in a written reply to the Rajya Sabha. Read More…

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