M. Malleswara Rao
Six are to be developed by APIIC and 19 by private parties
HYDERABAD: Twenty-five more special economic zones (SEZ) in the State involving allotment of 9,250 acres of land near Hyderabad and other urban agglomerations have been formally approved by the State Government. With this, the total number of SEZs in the State will swell to 70, nearly a half of the 154 SEZs (154) already established or in the pipeline in the entire country.
The Centre has already notified 45 SEZs in Andhra Pradesh, covering an extent of 13,665 acres, most of which lie around Hyderabad. It is likely to issue a notification for the 25 new SEZs soon.
In these SEZs, the State government proposes to extend a concessional price for lands besides offering sales tax concession, reduction in registration charges and stamp duty payable for registering the title deeds of the lands, and supply of water and electricity at subsidised rates.
Out of the new SEZs, six are being developed by the A.P. Industrial Infrastructure Corporation. These include four facilities for information technology (IT) and IT-enabled services in Warangal, Kadapa, Chittoor and East Godavari districts, and one each for leather and building products in Nellore and Prakasam districts.
Of the remaining 19, six are to be developed and promoted by private parties including Rahejas, Lahari Infrastructure, Genpact India, Parswanath and Dr. Reddy Labs in the vicinity of Hyderabad while three are going to be set up in the State capital itself by GMR and WIPRO. The other SEZs will come up in different districts.
A senior APIIC official said the new SEZs would provide employment opportunities to about 2 lakh people and attract an investment of Rs. 9,000 crore towards creation of infrastructure alone, barring the funds to be spent on civil construction and machinery erection, if any.
On the other hand, the employment potential of the already notified 45 SEZs, some of them ready and others in various stages of progress, has been put at 7.8 lakhs. The investment on infrastructure alone in these SEZs is expected to be more than Rs. 12,000 crores.