Satyam seeks extension of time for setting up SEZ in Hyd

The Union Ministry of Commerce had already given two extensions for the SEZ and the validity of the last extension is up to June 19.

PTI | June 6, 2011



IT services firm Mahindra Satyam has sought additional time for setting up an IT/ITES SEZ at Hitec City in Madhapur in Hyderabad.

The Union Ministry of Commerce had already given two extensions for the SEZ and the validity of the last extension is up to June 19.

According to a senior official of the Andhra Pradesh government, the latest request for extension has been forwarded to the Board of Approvals for SEZs under the ministry.

Mahindra Satyam was granted formal approval for setting up the SEZ over an area of 10.52 hectares in 2006 when B Ramalinga Raju and his team were managing the company.

"The company informed the BOA (of) the steps taken to implement the project and sought some more time as it could not complete the construction due to the unforeseen situation the company got into in January, 2009," the official said.

The company also informed the BOA that it is on the recovery path and is getting new customers and new business and hence, is in a position to complete the project.

In another development, the company's request to denotify its SEZ for IT/ITES at Thotlakonda Hills, Visakhapatnam, was forwarded to the BOA in a meeting held on May 31, the Andhra Pradesh government official said.

The company has requested for de-notification of the SEZ, which is spread over a 20-hectare area, stating that the state government has transferred the land to the Indian Navy for establishment of a Wireless Experimental Unit, due to its suitability for wireless operations.

Though the state had decided to allot 50 acres of alternate land in favour of APIIC for onward allotment to Satyam for establishment of the SEZ, the company is yet to be handed over the land.

Comments

 

Other News

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter