User: subbu Topic: Land Issues
Category: SEZs by State :: West Bengal
Last updated: Apr 23 2018 23:40 IST RSS 2.0
 
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Cochin SEZ clocks 111% increase in business 23.4.2018 Hindu: Rx
Export of merchandise, software from all SEZs earns ₹5.51 lakh crore
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Adani Ports signs long term regasification pact with Indian Oil Corp 17.4.2018 Central Chronicle
Agencies, Mumbai Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and... more »
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Adani Ports in focus after inking pact with IOC 17.4.2018 General News
Adani Ports and Special Economic Zone (APSEZ), India's leading port infrastructure developer and part of the Adani Group, said it signed a long term agreement with Indian Oil Corporation (IOC) to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years. IOC plans to supply the gas to its refineries in Paradip in Odisha and Haldia in West Bengal. The announcement was made after market hours yesterday, 16 April 2018.
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Adani ports inks pact with IOC for LNG regasification at Dhamra 16.4.2018 General News
Adani Ports and Special Economic Zone (APSEZ) today said it has entered into a pact with Indian Oil Corporation to provide LNG regasification services at its import terminal in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years, APSEZ said in a statement. "APSEZ...has signed a long term agreement with IOC to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha," the company said. IOC plans to supply gas to its refineries in Paradip in Odisha and Haldia in West Bengal. "We are pleased to partner with Indian Oil by signing this long term agreement. India lacks adequate LNG import infrastructure at present and I am confident that this project will play a key enabling role for increasing gas consumption in that part of the country. In fact, the terminal will play a strategic role in gas supply to Bangladesh ..
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Par panel raises concerns over SEZ developers, units mortgaging land to raise loans 28.3.2018 General News
Concerned over special economic zone developers and units mortgaging land to raise loans, a parliamentary panel today suggested that the SEZ law be reviewed to curb the possibility of using such land as collateral for raising funds. A Public Accounts Committee, chaired by Congress leader Mallikarjun Kharge, in its report stated that "11 developers/ units in Andhra Pradesh, Karnataka, Maharashtra and West Bengal had raised Rs 6,309.53 crore as loans by mortgaging SEZ land". Three developers/units had raised a loan amount of Rs 2,211.48 crore and utilised the same for purposes other than development of these zones. It said that the SEZ law and rules do not specify that such land cannot be mortgaged. "The committee recommend that the department of commerce and financial services review the SEZ Act to specify that SEZ land lease hold rights can not be mortgaged to curb the possibility of huge loans going bad which ultimately would affect the public exchequer," it added. It also said that .
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Anatomy of a land grab 27.2.2018 FrontLine: Home
A close scrutiny of documents reveals a pattern of circumvention of procedures at every stage to favour the setting up of the Kakinada Special Economic Zone. By KUNAL SHANKAR
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I-T dept attaches Rs 12-bn SEZ unit of Gitanjali Gems in Hyderabad 22.2.2018 Latest News
The officials said the property has been provisionally attached under the Income Tax law and the action was taken to recover outstanding tax demands
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BJP main rival of Left Front in Tripura: Jaitley 11.2.2018 General News
The BJP had emerged as the main rival of the ruling CPI(M)-led Left Front in Tripura, Union Finance Minister Arun Jaitley said here today. "There are two political spaces in the state -- the non- Left and the Left. The BJP has filled up the entire non-Left space...It has emerged as the main contender of the CPI(M)," he told reporters, after releasing his party's Tripura poll manifesto -- 'Vision Document Tripura-2018'. The saffron party has joined hands with the Indigenous People's Front of Tripura (IPFT) to take on the Left Front in the February 18 Assembly election in the north-eastern state. The finance minister also claimed that the Left Front would meet the same fate in Tripura as it did in West Bengal. "The CPI(M)'s terror tactics in West Bengal had led to hatred among the people there, resulting in its downfall. Even in the (recently held) bypolls, the party ended up in the third or fourth position," he said. Tripura had remained "backward" as the CPI(M) never ...
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In schools, hospitals or shrines, you can’t escape fire risk in urban India 5.1.2018 Citizen Matters
The Kamala Mills fire tragedy in Mumbai has suddenly led to fire safety inspections in restaurants and eateries in many cities, but there are reports aplenty to show that fire preparedness anywhere in these cities is abysmal. ...
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Mamata woos India Inc biggies to attend Bengal biz summit 4.12.2017 Rediff: Business
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
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GST Council meet: States raise GSTN issues, difficulty in filing returns 9.9.2017 Top Stories
Suggest setting up of GoM to identify and help address the issues within 2-3 months
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Infosys to get freehold land for its first venture in Bengal 8.9.2017 All News-IANS Stories
The West Bengal government on Friday approved the entry of IT major Infosys in the state, allowing the company to get land on freehold basis for its maiden IT development centre.
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Infosys to get freehold land for its maiden venture in Bengal, says state govt 8.9.2017 DNA: Mumbai
The West Bengal government on Friday decided to allow IT major Infosys to get land on freehold basis for its first IT development centre in the state. The company had purchased 50 acres from the government at Rajarhat for the project. Speaking about the outcome of the cabinet meeting, State Education Minister Partha Chatterjee said that earlier the land was given IT major on lease for 99 years on a renewal basis. "Earlier we had decided to allow 75 per cent of the 50-acre land for IT and Information Technology Enabled Services (ITeS). Now today in the Cabinet we have decided to bring it down to 51 percent for IT and ITeS," he said after the cabinet meeting. "They (Infosys) had written us requesting that 51 per cent will be used for IT and ITeS besides, asking for freehold instead of leasehold which we have decided to allow," he said. According to another senior officer, Infosys needed to submit the DPR (detailed project report) within a month of registration of the land. The IT major would also be asked ...
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Infosys to get freehold land for its maiden venture in Bengal 8.9.2017 ET: IETS
On August 29, Chief Minister Mamata Banerjee had said that IT major Infosys would invest in the state without the special economic zone (SEZ) status.
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Riding on sops, Infosys to finally open maiden chapter in West Bengal 8.9.2017 Business Standard: News Now
Riding on sops to compensate for the lack of a Special Economic Zone (SEZ) status, information technology (IT) major Infosys is set to mark its entry in West Bengal. Its plan is to invest Rs 100 crore and build a campus on a 50-acre lot that can employ up to 1,000 people. The state government, in a Cabinet meeting on Friday, cleared the proposal whereby a "mixed development" model has been offered to the company. Partha Chatterjee, the state's parliamentary affairs minister, said after the meeting that of the 50 acres granted, 49 per cent will be on lease and used for IT purposes. The other 51 per cent will be freehold land; it may be used for any purpose Infosys deems fit. Industry departments officials say freehold land implies the ownership has been transferred and, hence, the company has an option to sell that part if it wishes.Earlier, when land was formally allotted to Infosys in November 2011, a 99-year lease for the entire 50-acre lot was agreed upon. Chatterjee claimed the ...
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Bengal Cabinet to give nod to Infosys: Basu 7.9.2017 BusinessLine - National
The company will be given incentives promised but no added concessions, says the State IT Minister
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'Mamata cabinet to ratify Infosys entry in Bengal' 7.9.2017 All News-IANS Stories
The West Bengal government will ratify the entry of IT major Infosys in the state, Information Technology Minister Bratya Basu said here on Thursday.
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Bengal Cabinet to ratify Infosys entry into state: State IT Minister Bratya Basu 7.9.2017 ET: IETS
Recently, Banerjee announced that the company would start the Kolkata centre with an investment of Rs 100 crore with an employment potential of 1000.
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West Bengal govt to ratify Infosys project on September 8 5.9.2017 Business Standard: News Now
The development centre will have a capacity to seat around 1,000 people
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Infosys to submit plan after land registration completion 30.8.2017 ET: IETS
Infosys today said that it would submit the plan for the proposed Kolkata centre to the West Bengal government after completion of the land registration process.
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