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SEZ Deadlines Aimed at Speeding up things, Says Govt Official.


Date: 29-09-2010
Subject: SEZ Deadlines Aimed at Speeding up things, Says Govt Official
 "In the first quarter of the current year, SEZ exports increased by 68 per cent over the corresponding period last year," Prasad said. The total investment was Rs 1,66,527 crore in SEZs according to data available 2-3-months ago, Prasad said, adding Rs 1,62,491 crore was the incremental investment. "It is investment which has been made after the SEZ Act came into effect." On Indian special economic zones not taking-off as quickly as in China, he said India started on SEZs much later than its giant neighbour. "The timing is important. Our start has been late as far as SEZs are concerned. It is mainly because land availability in China is not a problem," Prasad said.

Source : ibnlive.in.com

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