Special Economic Zones
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SEZs in Karnataka
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SEZs in Karnataka is on its way to set up 16 special zones in Andhra Pradesh and 2 in Kerala, and 8 in Karnataka. This makes India's total special economic zones to 212. Commerce secretary G.K Pillai has approved 26 new projects for special economic zone of late.
Karnataka had submitted a range of 41 proposals for special economic zone proposals in sectors that includes Information Technology (IT) to food processing. The Karnataka Industrial Areas Development Board (KIADB) for the establishment of food processing units has allotted an area of 157.01 hectares and other services related to the special economic zone of Karnataka located at Hassan.
The Board of Approvals (BOA) has also given its approval to the Karnataka Industrial Areas Development Board's (KIADB) proposal to construct the special economic zones effective for the sectors such as pharma, biotech and chemical industry in Hassan and the projects that would be executed under the provision of this will cover an area of more than 281.21 hectares.
The other major proposal for the SEZs in Karnataka that got the sanction order from the Board of Approvals (BOA) was for the sector that comprises Karnataka Biotechnology and Information Technology Services. This unit of Karnataka SEZ proposed that a special economic zone could be set up in the biotechnology sector in the Electronics City of Bangalore that would acquire a land of more than 43 acres.
The board of approvals had also sanctioned the proposal of Shree Renuka Sugars Limited that wants to establish a special economic zone focused upon a unified sugarcane-processing unit that would acquire an area of over 100 hectares. This unit will comprise of a sugar plant, power station and industrial plant located at Burlatti in Belgaum district in Karnataka. The BOA officially gave approval for the set up of 4 SEZ units in Karnataka that will be based on the Information Technology plants. One of the special economic zone units in Karnataka among the four include Ittina Properties Private Limited's proposal for the establishment of special economic zones in the sectors such as electronics, hardware and software which will be located in Bangalore covering an area of around 15.732 hectares.
The board of approvals also sanctioned the proposal of Divyasree Infrastructure for the setting up of a special economic zone in the IT/ITES sector that would acquire a land area of 20.234 hectares and will be located in Bellandur Amani Kane near Bangalore. Another proposal to set up a SEZ in the IT/ITES sector in Bangalore covering an area of 20.24 hectares by Chaitanaya Infrastructure Private Limited was also approved by BOA. Some of the noteworthy proposals for SEZ that were officially approved by the BOA include setting up of a biotechnology SEZ in Medak district and a pharmaceutical firm in Mahaboobnagar district.
The Board of Approvals who is in authority of the special economic zones has mostly approved SEZs in Karnataka and some of them are already on their way for accomplishments. The government of Karnataka is planning for a perfect amelioration of the state with such industrial developments.
The Board of Approvals (BOA) has also given its approval to the Karnataka Industrial Areas Development Board's (KIADB) proposal to construct the special economic zones effective for the sectors such as pharma, biotech and chemical industry in Hassan and the projects that would be executed under the provision of this will cover an area of more than 281.21 hectares.
The other major proposal for the SEZs in Karnataka that got the sanction order from the Board of Approvals (BOA) was for the sector that comprises Karnataka Biotechnology and Information Technology Services. This unit of Karnataka SEZ proposed that a special economic zone could be set up in the biotechnology sector in the Electronics City of Bangalore that would acquire a land of more than 43 acres.
The board of approvals had also sanctioned the proposal of Shree Renuka Sugars Limited that wants to establish a special economic zone focused upon a unified sugarcane-processing unit that would acquire an area of over 100 hectares. This unit will comprise of a sugar plant, power station and industrial plant located at Burlatti in Belgaum district in Karnataka. The BOA officially gave approval for the set up of 4 SEZ units in Karnataka that will be based on the Information Technology plants. One of the special economic zone units in Karnataka among the four include Ittina Properties Private Limited's proposal for the establishment of special economic zones in the sectors such as electronics, hardware and software which will be located in Bangalore covering an area of around 15.732 hectares.
The board of approvals also sanctioned the proposal of Divyasree Infrastructure for the setting up of a special economic zone in the IT/ITES sector that would acquire a land area of 20.234 hectares and will be located in Bellandur Amani Kane near Bangalore. Another proposal to set up a SEZ in the IT/ITES sector in Bangalore covering an area of 20.24 hectares by Chaitanaya Infrastructure Private Limited was also approved by BOA. Some of the noteworthy proposals for SEZ that were officially approved by the BOA include setting up of a biotechnology SEZ in Medak district and a pharmaceutical firm in Mahaboobnagar district.
The Board of Approvals who is in authority of the special economic zones has mostly approved SEZs in Karnataka and some of them are already on their way for accomplishments. The government of Karnataka is planning for a perfect amelioration of the state with such industrial developments.
For more information on SEZs in Karnataka, please refer to the following sites:
- Setting Up an SEZ Unit in Karnataka
- Incentives and Facilities Provided by Karnataka SEZ
- SEZ and Foreign Direct Investment in Karnataka
