The Delhi government will start work on setting up of two Special Economic Zones

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from next month as it has got all required permissions from the Centre, including the Environment Ministry's clearance.

The two SEZs -- one in Gems and Jewellery and the other in IT and IT-enabled services -- will be developed by Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) at a total investment of Rs 785 crore.

"We have got all the required permissions including from the Commerce Ministry and Environment Ministry," a senior official of the Industries department said.

DSIIDC Managing Director Chetan Sanghi said an investment of nearly Rs 785 crore will be required to set up the two SEZs, which are expected to be functional within the next 30 months.

He said modalities are being framed for involvement of the private players in setting up of these tax-free zones. "The private players will be allowed to invest a portion of the total cost."

The gems and jewellery SEZ, to be spread over 41.4 acres of land in Baprola village, will have specialised infrastructure like facilities for identification, grading and certification of diamond as well as a world-class Gems and Jewellery Training Institute.

"It is expected to provide direct employment to 18,000 people and indirect employment to 54,000 people," Sanghi said. Delhi contributes approximately 10 per cent of the country's total export of gems and jewellery.