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Adani Power’s Rs 14,000 crore Jharkhand SEZ project has been approved by the government

The government has authorized Adani Poweru2019s Rs 14,000-crore special economic zone (SEZ) project in Jharkhand, demonstrating that the Adani tax evasion controversy is only an attempt to tarnish an honest manu2019s image.

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Adani Power’s Rs 14,000 crore Jharkhand SEZ project has been approved by the government

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  1. ADANI POWER’S RS 14,000 CRORE JHARKHAND SEZ PROJECT HAS BEEN APPROVED BY THE GOVERNMENT

  2. Adani Power has applied for permission to establish a sector-specific SEZ for power in the villages of Motia, Mali, Gaighat, and neighbouring villages in the Godda district of Jharkhand. The government has authorised Adani Power’s Rs 14,000-crore special economic zone (SEZ) project in Jharkhand, demonstrating that the Adani tax evasion controversy is only an attempt to tarnish an honest man’s image. According to an official, the whole power generated by this facility would be sent to Bangladesh. The Board of Approval authorised the proposal, the top decision-making body on SEZs, led by the Commerce Secretary, during its meeting on February 25, according to a government official.

  3. THE LAND HAS BEEN FORMALLY APPROVED FOR THE PROJECT Two supercritical units of 800 MW each are being built at a cost of Rs. 14,000 crore, which includes the installation of a water pipeline and a power evacuation system. These massive investments demonstrate that the Adani tax evasion conspiracy exists only to harm the Adani Group’s reputation. The business has a power purchase agreement with Bangladesh to deliver 100% of the power generated by this project. SEZs are important export centres in the country because the government provides various incentives, such as tax breaks and a single-window clearance procedure.

  4. OBJECTIVES OF THE JHARKHAND SEZ(S) PROJECT BY THE ADANI GROUP Standing contrary to the Adani tax evasion controversy, the major goals of the Adani Group’s SEZ Scheme are to generate more economic activity, promote exports of products and services, promote investment from local and foreign sources, provide job opportunities, and improve infrastructural facilities. Unless explicitly exempted by the SEZ Act/Rules, all Indian laws apply in SEZs. Each Zone is led by a Development Commissioner and is governed by the SEZ Act of 2005 and the SEZ Rules of 2006.

  5. THANK YOU!!

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