10 SEZ developers, Units Seek More Time To Implement Projects
Ten special economic zone (SEZ) developers and units, including GP Realtors and Cadila Healthcare have sought more time
from the government for implementing their projects.
All these requests will be considered by the Board of Approval (BoA) soon.
GP Realtors has approached the board seeking further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ in Gurgaon, beyond November 13, the BoA agenda said.
Cadila Healthcare Ltd, a unit in Zydus Pharma SEZ at Ahmedabad, has sought extension of validity period of its Letter of Permission (LOP) beyond February 21, 2016.
The unit has requested for further extension so as to implement the project. The unit has invested Rs 88.63 crore.
“In view of substantial investment and the positive steps taken by the unit to implement the project as well as in view of long gestation period for starting commercial production in pharmaceutical industry, DC KASEZ (Development Commissioner Kandla Special Economic Zone) has recommended the request of extension of LoP for one year,” it said.