Information about the Special Economic Zones in Hyderabad
Q: Hey, I want to know more about the approvals for special economic zones in Hyderabad and other regions in Andhra pradesh or Telengana. Can anyone help me find out some info about this?
I think that in a similar case, the Development Commissioner has recommended cancellation of the approval given to AP Markfed, another state government body for setting up SEZ in Karimnagar in Telangana for failing to make any progress in the project.
The Equity holding of APHB and the Government has come by way of transfer of their respective lands. According to the information that I got, the entity has 6,819 acres of land bank in Telangana. DILL had earlier obtained approvals from the Ministry for setting up SEZs in sectors such as IT/ITES, pharma, gems and jewellery and engineering.
When I enquired about the company, I got to know that DILL is a Company registered under the Companies Act, 1956, as a subsidiary of Andhra Pradesh Housing Board (APHB) before bifurcation. APHB holds 57.44 per cent of the Equity and Government of Andhra Pradesh (before bifurcation) is holding 42.56 percent equity.
I came to know that they failed to even submit any concrete proposal or action plan. No progress has been made either to notify the SEZs or implement the SEZ projects. DC (Development Commissioner) has, accordingly, recommended removal of all the approved SEZs of DILL from the approved list.
I think that the board will schedule a meeting in a recent day and then take a decision on the future course of action that would be taken regarding these SEZs. Actually the formal approval has been expired and the developer will hold meeting about the cancellation of formal approval will be taken up as no progress has been made.
As far as I came to know, according to the agenda set by Board of Approval (BoA) under Commerce Ministry, 12 SEZs are located in Telangana, while the remaining two are in Visakhapatnam, Andhra Pradesh.
I think that the ministry of commerce had earlier given nod to around fourteen Special Economic Zones in this region. But recently, I came to know that the ministry could cancel formal approvals given for setting up as many as 14 SEZs by Deccan Infrastructure and Land holdings limited.