Government defers Wipro’s thought to installation IT SEZ in Kolkata

The government has deferred software services company Wipro’s concept for setting up an IT uniquefinancial quarter (SEZ) in Kolkata.

The concept has been deferred due to the fact the state authorities‘s recommendation on it has now notbeen obtained with the aid of the Board of Approval (BoA), an authentic stated. The software programcorporation‘s software amongst others become taken into consideration by way of the inter-ministerialframe BoA, headed by way of Trade Secretary Rita Teaotia, in its meeting on June 22. An 1ec5f5ec77c51a968271b2ca9862907d sent to the employer remained unanswered.

Wipro has proposed to set up IT/ITeS SEZ over an area of 19.76 hectares in Rajarhat, Kolkata.Development Commissioner of Falta special financial region has recommended for in-principal approval of the idea.

country government‘s advice is crucial to get approvals from BoA. SEZs are exports hubs which make contributions approximately 23 consistent with cent to the us of a‘s overall outbound shipments.

The Commerce ministry is taking steps to restore investorshobby in those zones. The Board deals with SEZ associated subjects. Exports from SEZs have declined 1.89 in step with cent 12 months-on-yr to Rs3.41 lakh crore in April-December of 2015-16. Exports from such zones stood at Rs four,63,770 crore in 2014-15 in comparison with Rs 4,ninety four,077 crore inside the preceding economic.