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Nagaland acquires first SEZ of North East

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Nagaland is marching ahead to become the first state among its other counter parts of North eastern states to launch its first Special Economic Zone. On a short with www.propertykhazana.com Dr. K C Nihoshe - Parliamentary Secretary for Industries and commerce states that “there will be a SEZ in the state for agro and food processing as looking to its diverse weather of various herbs and other flora. A number of interests have flooded by the agro commercial units for their investments”. Most importantly a Korean investment is also the talk of the issue as they have nodded their green signal for the Nagaland SEZ.
Sources reported at www.propertykhazana.com also reveals that, though it is the first of its kind, a similar mode was already functioning at the neighboring states of Assam and Meghalaya but were failed to cope with the export requirement which were under EPIP scheme as added by the secretary. As a part this new venture around 50.70 hectare of land mass has been notified by the ministry of commerce and industry at the site of Ganeshnagar at the vicinity of district of Dimapur with Dhansiri Sub division. This will be in the sole consideration of NIDC which has been proposed under SEZ act 2005.
In addition the govt. of India has also created a central body for the SEZ approval and later declared that the said site of SEZ will also function as deemed inland container depot/Port as per the SEZ act. It will be first of its kind which will be developed by NIDC free from the duties and related charges of trade and commerce. For more updates visit www.propertykhazana.com

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