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Union Minister Kamal Nath explains the advantages of SEZ ventures

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As per the sources available to www.propertykhazana.com, SEZs holds many profits by creating jobs, enhancing exports, constructing up the infrastructure of International Standards and carry on foreign investment. Union Minister of Commerce Kamal Nath hassled on the advantages of SEZs at the awards function of the Export Promotion Council for Export Oriented Units (EOUs) on January 19th 2007. SEZs have observed a quick growth in the labor intensive manufacturing and services and the minister anticipated the investment from SEZ developers to touch $60 Billion by 2012, if all SEZ permitted ventures are implemented. He is expecting a domestic investment of Rs. 75,000 Crores and an FDI of Rs. 25,000 in SEZs alone by the end of the year 2007.
According to the sources available to www.propertykhazana.com, Gem and Jewellery SEZ in Hyderabad, Nokia SEZ in Sriperumbudur, Apache SEZ in Nellore, Textile SEZ of Mahindras in Chennai, Divi Laboratories in AP, Rajiv Gandhi Technology Park in Chandigarh and Brandix Apparel SEZ in Vishakapatnam have formed a vast employment in their corresponding zones. Employment statistics has proportionally whiz to 500,000 people by the end of the year, 2007 and SEZs makes a local enrollment and gives training for their process. The sensitive matter of property acquirement and rehabilitation was also carried during the address and also the minister advised State Govt. to associate the SEZ schemes in this regard.

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