SEZ

After months of controversy, the empowered group of Union ministers (EGoM) lifted the political freeze on special economic zones permitting the commerce ministry to approve and notify more zones.However, while doing this, the government imposed a cap of 5,000 hectares on the maximum permissible land size of a zone, directly impacting the plans of four large developers – Reliance Industries, Gujarat Positra and real estate firms DLF and Omaxe.The state governments have also been given the flexibility to reduce the land size from the new limit.