10.07.18 Andhra Pradesh (APPSC) Daily Current Affairs

ANDHRA PRADESH

  • HCL gets government approval to set up SEZ in Andhra Pradesh

 

  • The commerce ministry has approved a proposal of HCL Technologiesto set up a new IT Special Economic Zone (SEZ) in Vijayawada, Andhra Pradesh, with a proposed investment of Rs 408.48 crore.

 

  • To boost the India’s exports and the manufacturing sector,  the government in 2005 passed a law for SEZs, which contribute about 25 per cent in the country’s total exports.

 

  • There are 223 operational SEZs with 5,146 units from various sectors such as IT, pharma, textile, food processing, leather, biotechnology and diamond polishing.

 

  • Most of these zones are operational in states, including Tamil Nadu, Telangana, Karnataka and Maharashtra.

 

 

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