Centre extends permission to Tata Power to operationalise Bengaluru defence SEZ unit
The Centre has extended permission to Tata Power till the end of April to operationalise its SEZ unit for defence manufacturing in Bengaluru. The company had appealed for an extension saying its plans had got delayed due to restructuring within the company. It said it was likely to start operations by March-end.
The Board of Approval (BoA) for SEZs, which met on March 20, also gave formal approvals to Larsen & Toubro Infotech (LTI) and Tata Consultancy Services (TCS) to set up IT/ITES SEZs in Navi Mumbai and Kancheepuram, respectively, according to the minutes of the meeting.
Sunset clause
SEZ developers and units are preparing for the setting in of the SEZ sunset clause on March 31, as the government has not given any indication on a possible extension despite several submissions by investors.
