The Centre has decided to notify 100 more special economic zones (SEZs) by the end of this financial year, a top commerce ministry official said. By the end of this year, the government will be notifying 100 more SEZs of these, 40 would be notified by the end of May.
The Government has so far formally approved 234 SEZs with an expected investment of Rs 3,00,000 crore. Out of these, the Centre has notified 100 SEZs so far. The Government expects to attract an investment of Rs 1,00,000 crore in SEZ and provide employment to five lakh people by the end of this financial year.
During the last 15 months, such zones have attracted an investment of Rs 28,000 cr and create 27,000 jobs. Out of these four SEZs, Quark City and Ranbaxy are setting up two zones in Mohali with an investment of Rs 4,500 crore and Rs 700 crore respectively. Quark City would offer employment to 35,000 people while Ranbaxy would offer jobs to 1,200 people.