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|July 10, 1997||
Snapping the leashThe government has decided to delegate more powers to directors of Software Technology Parks and designated officers of Electronic Hardware Technology Parks with a view to decentralising powers and easing procedures.
The directors and officers have been vested with powers to permit additional import of capital goods up to Rs 100 million without any limitation of imported capital goods approved earlier.
They can also change the name of the implementing agency subject to following conditions:
The office can also permit enhancement, without any upper limit, in the value of imported capital goods, due to exchange-rate fluctuation, an official release said.
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