Haryana Gets Special Economic Zones (SEZ) Proposals Worth Rs.50,000 Crore

Posted on November 21 2009 by Narendra Singh
Haryana Gets Special Economic Zones (SEZ) Proposals Worth Rs.50,000 Crore.

India’s rapidly growing state Haryana has received above 100 proposals for conception Special Economic Zones (SEZs), which will fetch investments worth more than Rs.50,000 crore and generate 1.5 million jobs.

Out of the 70 IT SEZs proposals, three SEZs have already become prepared, six have been notified by the state government and 35 formally approved by the central government of India.

The export of software this year has been of the order of Rs.21,000 crore, against Rs.18,000 crore last year.

The state government has been paying enough attention to the growth of the IT sector, he said.

‘To support IT exports, the state government has prepared an IT policy, wherein a number of incentives like five-year exemption on payment of electricity duty, rebate on stamp duty for new IT units, priority in loans, relaxation in pollution norms and continuous and uninterrupted power supply have been provided.

During the last four-and-a-half years, the Haryana state has been capable to catch the attention of investments to the tune of Rs.40,000 crore.

During this period, the Haryana state has received foreign direct investment (FDI) to the tune of Rs.9,000 crore, as against the total FDI of Rs.12,500 crore received in the state since its beginning.

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