Adani Ports gets green nod for SEZ
Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that it has received environment and other nods for its 8,481 hectares special economic zone, a move that will pave way for setting up facilities like desalination and effluent treatment plants besides boosting exports. ‘APSEZ, part of the Adani Group ... has received the environment and coastal regulation zone clearance from the Union Ministry for Environment and Forests, for its 8,481 hectares SEZ in Mundra,’ the company said.
The clearance will now allow APSEZ, which operates India’s only port-based SEZ, to set up a mega desalination plant, an effluent treatment plant and intake of sea water, all of which constitute primary infrastructure to be provided for companies setting up business units in the SEZ.
‘The grant of the environmental clearance to Mundra SEZ by MoEF will encourage investment in SEZ and the development is expected to be at a much faster pace as it provides seamless connectivity through sea, rail and road,’ said Adani Group Chairman Gautam Adani.
SEZs have been promoted to attract FDI and promote export-led growth. Industrial units in the SEZ benefit from complete waiver on import duty/ excise duty/ service tax for capital goods or raw materials procured.