`Vision 2010' meet under way

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MIDC has got approval for its 11 SEZs and has sought okay for seven others. The focus of SEZs should be on employment generation, foreign investment, foreign exchange earnings and technology transfer, says official in charge.

Mumbai, June 7

The Board of Approvals for SEZ (Special Economic Zone) has approved 24 SEZs by Maharashtra. Out of these, 11 are by public sector and the rest by private sector.

There are eight IT/ITES units and six multi-product units, Ms Neera Saggi, Development Commissioner, SEEPZ Special Economic Zone, said.

The most important focus of SEZs should be on employment generation, followed by foreign investment, foreign exchange earnings and technology transfer, Ms Saggi said at an international business conference `Maharashtra: Vision 2010 - Strategies and Action'.

MIDC proposals

Maharashtra Industrial Development Corporation (MIDC), an industrial infrastructure development agency of the Government of Maharashtra, has got approval for its 11 SEZs and has sought okay for seven others.

Of the seven, two would be captive power generation specific and three textiles specific, Mr Rajeev Jalota, CEO, MIDC, said.

The captive power plants at Chandrapur and Raigad districts are expected to have an initial investment of $2,933 million and $293 million, respectively, he said at the same conference.

It also plans to develop its water supply system and share the facility with private industries.

LAND SCARCITY

Highlighting the problems of acquiring land near the coast, Mr Jalota said Maharashtra must look at SEZs, which could be located inland.

MIDC has acquired the rights for setting up gas pipeline in the Pune-Mumbai region to supply gas to SEZ areas by June 2007 and a gas pipeline from eastern India by March 2008, he said.

(This article was published in the Business Line print edition dated June 8, 2006)
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