Impetus gets SEZ by end of March

City-based information technology (IT) firm, Impetus, would soon get the status of special economic zone (SEZ) by this month-end if all goes well. The board of approval (BoA) committee, headed by Union commerce secretary Rahul Khullar is meeting once again on March 30 inNew Delhito take a decision in this regard.

The reason for the delay in granting clearance is said to be that the company had not taken possession of the land transferred by the state government, which is a pre-requisite for awarding SEZ status. Even though the state cabinet had given its approval for land to the company, the land transfer is yet to take place.

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