KARNATAKA SEZ
Nod to MSTI, Aequs Group SEZ proposals after norms relaxed: Govt
India has eased regulations for semiconductor and electronics component manufacturing in SEZs, leading to significant investments. Micron will establish a facility in Gujarat with an investment of Rs 13,000 crore, while Aequs will set up a unit in Karnataka with Rs 100 crore investment. These amendments aim to boost high-tech manufacturing, spur the semiconductor ecosystem's growth, and create skilled jobs.
Micron to invest Rs 13,000 crore in Gujarat SEZ; Aequs to set up Rs 100 crore facility in Karnataka after govt reforms
Micron and Aequs Group have secured government approval to establish semiconductor and electronic component-focused Special Economic Zones (SEZs) in India. Micron will invest Rs 13,000 crore in a Gujarat facility, while Aequs Group will invest Rs 100 crore in Karnataka. These approvals follow SEZ regulation reforms aimed at boosting high-tech manufacturing by reducing land requirements and easing operational constraints.
Govt approves Micron Semiconductor's proposal to set up SEZ
The government approved proposals by Micron and Aequs Group to set up SEZs in Gujarat and Karnataka for semiconductor and electronic component manufacturing. Recent SEZ rule changes aim to attract high-tech investments, reduce land requirements, and support domestic supply, fostering job creation and industry growth.
Transformation theme: 9 stocks from the energy & power ecosystem as it transitions to clean energy
The structural transformation in the auto sector is much talked about and given credit by the street. Another sector that has been undergoing a similar transformation, though quietly, is the energy sector. Large companies in the energy space – whether in oil marketing, refining, or any other – have been forming JVs or floating subsidiaries to get into New Energy areas. This transition is much bigger than in the auto space, but a bit too slow to excite the street. So get these stocks on your watchlist.
MeitY forms panel to create national framework for GCCs
The Indian government is actively fostering the growth of Global Capability Centres (GCCs) by establishing an industry-led panel. This initiative aims to create a national framework, as announced in the federal budget, to guide states in promoting GCCs, particularly in tier 2 cities. The committee, comprising industry bodies and advisory firms, will focus on talent availability, infrastructure enhancement, and innovation.
N Chandrababu Naidu pitches for shifting HAL AMCA, LCA production to Andhra Pradesh
Andhra Pradesh Chief Minister Chandrababu Naidu wants Hindustan Aeronautics Limited's AMCA and LCA production in his state. He proposed land for HAL's AMCA facility near Bengaluru airport. Naidu envisions a defence industrial corridor across Andhra Pradesh. He discussed this proposal with Defence Minister Rajnath Singh. The plan includes air force stations, naval equipment testing, and drone manufacturing hubs.
- Go To Page 1
Four developers seek govt approval for partial cancellation of SEZs
Tata Steel, Infosys, and ELCOT have requested partial cancellation of their special economic zones (SEZs). The inter-ministerial board of approval will decide on these applications in a meeting scheduled for May 9. These companies are seeking to optimize land use and adapt to changing investment patterns, reflecting adjustments within the SEZ landscape.
Accommodation services by hotels to SEZ employees is inter-state in nature, attract Nil GST
CBIC has also clarified that if event management services, hotel, accommodation services, consumables etc. are received by SEZ unit, the benefit of zero rated supply will be available in such cases to the supplier.
Government clears the way for 5 new SEZs
These SEZs were given approval by the Board of Approval (BoA), chaired by Commerce Secretary Rita Teaotia, at its meeting on March 8.
Govt to consider five proposals on March 8 for setting up new SEZs
Exports from SEZs logged a marginal growth of 0.77 per cent to Rs 4.67 lakh crore in 2015-16.
8 SEZ developers seek cancellation of projects
These applications would be considered by the Board of Approval (BoA) headed by Commerce Secretary Rita Teaotia on March 8. The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters.
Tamil Nadu has maximum number of operational SEZs
As many as 36 special economic zones (SEZs) are operational in Tamil Nadu, followed by Telangana and Karnataka, Parliament was informed today.
Karnataka opposes changes in SEZ policy through DTC
Karnataka today urged the Centre not to alter the SEZ policy through the proposed Direct Tax Code as it would create 'uncertainty' and force many investors to put their investments on hold.
M&M plans aerospace SEZ in Bangalore
Mahindra & Mahindra (M&M), the diversified business group, plans to set up a 250-acre special economic zone (SEZ) catering to the aerospace sector near the Bangalore International Airport.
M&M arm plans aerospace SEZ
Mahindra & Mahindra (M&M), the diversified business group, plans to set up a 250-acre special economic zone (SEZ) catering to the aerospace sector near Bangalore International Airport.
Govt to take up 6 fresh SEZ proposals tomorrow
The government will take up six fresh requests for setting up special economic zones (SEZs), which have emerged as major sources of exports, tomorrow.
Maytas gets nod to exit biotech SEZ
The government on Tuesday allowed Maytas Ventures — promoted by relatives of scam-tainted former CEO of Satyam B Ramalinga Raju — to give up its bio-tech SEZ in Hyderabad.
DLF can denotify SEZs on returning tax sops
Government has given an in-principle approval to real estate developer DLF for denotifying four of its special economic zones that it wants to surrender on condition that all tax incentives given to the zones will be refunded.
BoA defers decision on SEZs
The Union Government today deferred decision on the SEZ proposal of Bangalore International Airport Ltd in the wake of Karnataka elections scheduled for May 10.
Karnataka govt clears 14 SEZs
The Karnataka government on Tuesday cleared 59 new industrial projects, including 14 SEZs,covering an estimated investment of Rs 63,561.24 crore, minister for Industries Katta Subramanya Naidu said.
States, foreign investors want SEZ policy out of cold storage
Pressure is building on the central government from both foreign investors and state governments for an early decision on the future of the SEZ policy.
K'taka to develop SEZ for aerospace industry
After witnessing IT boom, Karnataka is keen on developing aerospace industry in a big way through a Special Economic Zone (SEZ).
Dispute over land acquisition leaves 250 SEZs in limbo
Disputes over acquisition of agricultural land for setting up special economic zones (SEZs) are responsible for about 250 SEZ proposals in 21 states still languishing for government approval.
Industrialists-investors meet next month
Several industrialists have come forward to establish units at the multi-product SEZ proposed at Belgaum.
200 SEZs may get clearance in Oct
The Board of Approval (BoA) for special economic zones (SEZs) will hold a series of meetings next month to take up all the pending proposals which were held in suspension prior to the lifting of the cap on numbers.
AP, Maha has maximum SEZs
Andhra Pradesh and Maharashtra lead the race in setting up the maximum number of Special Economic Zones, but the country's biggest SEZs are coming up in Haryana.
SEZ rush down to a trickle with EGoM lifting cap
The rush among corporates to set up Special Economic Zones in the country has virtually come to a halt with the government's decision last month to lift the cap of 150 SEZs.
Maharashtra, Andhra lead the zone race
Ninety-two of the 150 SEZs formally okayed by the Board of Approval are located in Andhra Pradesh, Maharashtra, Tamil Nadu and Karnataka.
Kamal Nath clears 46 new SEZs
The Government on Tuesday cleared 46 new Special Economic Zones including two multi-product SEZs spread over 2000 hectares by Essar in Jamnagar and AP Industrial Infrastructure Corporation in Vishakapatnam.
Load More
