A proposal seeking safeguard duty on imported solar cells and modules could get derailed due to difference among manufacturers on whether projects under Special Economic Zones (SEZs) should also get protection.
The commerce ministry has rejected Adani Power’s proposal to set up a special economic zone for the power sector in Jharkhand entailing an investment of Rs 15,002 crore as it was inconsistent with the sectoral guidelines, an official said.
Indian solar manufacturers are divided in their reactions to the Directorate General of Safeguards’ recommendation of imposing provisional 70% safeguard duty on the import of solar cells for 200 days.
Union Shipping and Ports Minister Nitin Gadkari today said 24 companies have offered to invest over Rs 60,000 crore in a special economic zone adjoining the country’s largest container port JNPT.
The government may finally be preparing to draw the curtains on eight long-pending special economic zone proposals by Navi Mumbai SEZ Pvt Ltd — promoted by Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani and his associate Anand Jain —, but the developer is not yet ready to call it quits.
OPaL, a joint venture company promoted by ONGC, GAIL, and GSPC, is the single largest petrochemical plant in the country that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually.
India’s largest petrochemical plant, built by ONGC Petro Additions Ltd (OPaL) at a cost of Rs 30,000 crore, at Dahej Special Economic Zone (SEZ) was dedicated to the nation by Prime Minister Narendra Modi on Tuesday.
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
Government is planning to establish reverse Special Economic Zones (SEZs) in Mozambique, primarily for the pharmaceutical