Telangana eyes 12,000 acres of Special Economic Zones
The Telangana government has sought cancellation of “SEZ status” to 20 Special Economic Zones that failed to commence operations even after allotment of thousands of acres of land more than five years ago.Most of the SEZs are located in neighbouring districts of Hyderabad, namely Ranga Reddy, Mahbubnagar, Medak and Nalgonda, which command huge real estate value. These SEZs together hold nearly 12,000 acre of expensive lands.The Congress government in undivided AP had sanctioned 70 SEZs in Telangana. Of them only 30 are operational and 40 remain non-functional or semi-functional.Of them, 20 SEZs failed to commence any operations and the Telangana State government is seeking cancellation of their SEZ status now.
http://www.deccanchronicle.com/150814/nation-current-affairs/article/telangana-eyes-12000-acres-special-economic-zones