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SEZs carry on crackling

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Investments in SEZs have dropped by a quarter up to Rs. 38,000 Crores in the year and nearly 55% of the investment is surged in during the 2nd half of the year, as the economy drop into the cinch of a slump, added the source @ the www.propertykhazana.com. The tax-free manufacturing centers has drawn roughly Rs. 55,000 Crores investment in the year and taking the growing figure for about Rs. 1,10,867 Crores from February when SEZ guidance was informed. An officer said to www.propertykhazana.com that, “The soft pour of investments was mostly owing to economic activity in the SEZs all over the year which witnessed 40% growth in the exports at Rs. 95,000 Crores against 4% growth in the country’s total exports.” Even the realty developer DLF has urged the commerce department to de-notify four of its SEZs and around 150 developers are seeking for more time to make investments, the commerce department takes investments to grow gradually in 2009-10 as many main ventures are in the conduit.
Reported source at the www.propertykhazana.com says that, Mundra multi-product SEZ and Reliance Industries Jhajjar SEZ are likely to be the main investment producers. In reality, almost Rs. 100,500 Crores is likely to be invested in Mundra SEZ once its power plant is authorized and SEZs carries on to form employment in a year with discharge across segments. Over 55,000 jobs were formed in these zones in the previous finance year, taking the total employment figure of about 3, 90,439 persons. The union Govt. ha permitted almost 600 SEZs as on March and 311 zones have informed to start operations and another 95 are functional. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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