The House on Friday cleared the Special Investment Region (SIR) Bill 2009 for which an ordinance was passed earlier by the government. Minister of state for industry & finance Saurabh Patel proposed the bill which was cleared by majority.

The state government has already notified Dholera-Ahmedabad SIR region and has also received Rs1,00,000 crore investment proposals in the recently concluded Vibrant Gujarat Global Investors’ Summit 2009.

It has also identified other five SIR regions —Vadodara-Ankleshwar, Palanpur-Mehsana, Surat-Hazira, Valsad-Umergam, Bharuch-Dahej. An investment region will be developed in area of more than 100 sq km while industrial area will be developed in area of more than 50 sq km.

A four-tier administrative mechanism for establishment, operation, regulation and management of the SIRs will be made.

DNA Correspondent/ DNA-Daily News & Analysis Source: 3D Syndication