SEZ sector records resounding recovery

In an encouraging development, as many as five developers including KRC Infrastructure and Projects and GAR Corporation have sought approval to set-up new special economic zones (SEZs). The Board of Approval (BoA), headed by Commerce Secretary, Rita Teaotia, is all set to take a final call in its upcoming meeting taking place shortly. In this connection, KRC Infrastructure and Projects and Gera Developments have jointly planned to set-up IT/ITeS SEZ in Pune, over an area of 4.03 hectares. GAR Corporation too has proposed to set-up similar two SEZs in Telangana. Similarly, EON Kharadi Infrastructure has sought nod for its IT/ITeS zone in Pune. On the other hand, Vaxenic India has planned for establishing biotechnology and biopharmaceuticals SEZ on an area of 11.47 hectares in Telangana. Phoenix Embassy Tech Zone too has proposed two IT sector zones in Telangana, said official sources.