Centre has cleared over 600 tax-free zones by 2007.
New Delhi: Centre on Wednesday approved 34 fresh proposals for Special Economic Zones taking the total number of clearances to over 600 tax-free zones.
The Board of Approvals, chaired by Commerce Secretary G K Pillai, gave in-principle clearance to four SEZs, while 30 proposals were granted ‘formal’ green signal.
Those given approval included proposal of the state-owned Steel Authority of India Ltd at Salem in Tamil Nadu.
“An investment of Rs 56,000 crore has already been made in the 187 notified SEZs, which will create 100,000 jobs in 2008 itself,” Pillai said.
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