First fin services SEZ to be discussed next month 

The government will consider next month a proposal for setting up the country's first financial services sector special economic zone (SEZ). Diversified corporate entity GMR Group has submitted a proposal to the Centre for setting up this international financial services-focussed SEZ in Hyderabad. Commerce Ministry, the nodal agency for clearing SEZ proposals, will take up the GMR's request on June 8.Their (GMR) request is on agenda. It will be taken up in the next BoA meeting, additional commerce secretary D P Mittal said. The inter-ministerial board of approval (BoA) is headed by Commerce Secretary Rahul Khullar. A senior GMR Group official said the company would file a detailed proposal next week.

Economic Times, New Delhi, 17-05-2010