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SEZ development approvals gets slow in Haryana

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Airmid Developers is a complete possessed subsidiary of ‘India Bulls Realty Ltd. (IBREL)’. When Airmid wanted a NOC from Haryana Industries department few months ago because it was the part of conclusion of the de-notification procedure for their proposed SEZ in Haryana and it reproduced the sad state of How SEZ’s are determining up the state. Meantime, as said by the sources to the www.propertykhazana.com over 100 developers had showed their attention for SEZ in Haryana and 46 developers were permitted by the Govt. of India and some 17 were permitted for ‘in principal’ SEZs. Till the date 14 ‘in principal’ endorsements are failed as 2 SEZs in Haryana and wanted de-notification. The planned SEZ in IT/ITES Sector which is coming at 28 acres of property in Gurgaon required an investment of Rs. 750 Crores by providing employment to 50,000 peoples. Previous to Airmid, DLF was the 1st player in Haryana to look for de-notification for their coming IT/ITES SEZ which was extended to 10 hectares in Sonepat. Therefore, what reason has made this delayed SEZ development in Haryana? Manoj Goyal Senior VP of Raheja Developers said that, “There are numerous issues which has made the growth of SEZs to go sluggish.”
Disclosed sources say that, Raheja Developers is also looming with a couple of SEZs in IT/ITES and in multi-product group in Haryana. Extension for the ventures sets failed as on date and it is claiming that they are looking for extension for the same venture. Obligation of MAT is putting 18.5% tax on SEZ developers who were excused from the tax. SEZ Developers convener Ajay Nijhawan says that, “DTC & MAT are big criminals behind the sluggish in the SEZ procedure in the state.” He also said that, “MAT is hurting shareholders and for developers feeling, even it is the manifold channels through which the developers has to move by having the clearances.” Few developers also taught that Haryana Govt. officer’s careless approaches towards getting things cleaned also upsets them.
Source: NIMMA BENGALURU

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