Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Pullout hits SEZs, minister pins hope on new industrial policy

Date: 10-08-2012
Subject: Pullout hits SEZs, minister pins hope on new industrial policy
As many as 22 players have backed out from Special Economic Zones (SEZ) in the state - six of them from Pune alone (one of them is in the process of pulling out) - but the state industries department is optimistic of bouncing back with the new industrial policy to be announced shortly. The department says the new policy is aimed at attracting more investments to the state.

Minister of State for Industries Sachin Ahir said the new industrial policy to be announced in a month’s time is aimed at drawing more than Rs 10,000 crore investment into the state.

“We saw a sudden spurt of SEZs in the state. The present situation has seen many key players withdrawing. This should not affect industrial investments with the new policy favouring small and medium players keen on investing in state. With a huge number of investors lined up, we are sure the policy will help bring in many players,’’ Ahir told The Indian Express on Thursday.

He said land acquisition issues and slowdown and even taxation issues have been dampeners in taking forward SEZ proposals and the new industrial policy is set to resolve these issues. “The policy will open up investments.’’ With land crunch being a major factor, the new industrial policy will ensure smaller players on existing land generate ‘good employment” opportunities, he said.

Principal secretary, industries, Dr K Shivaji said two more industrial parks would come up at Dighi in Raigad district and in Aurangabad. The existing 233 industrial parks in the state are in Maharashtra Industrial Development Corporation areas.

Source : indianexpress.com