Govt working on plans to revive SEZs, boost exports
Deepak Kumar | The Dollar Business Bureau As part of efforts to push domestic manufacturing from the special economic zones (SEZs) in India, industry analysts held a meeting with the government last week and proposed steps to revive stalled SEZs to increase exports from the sector. “We have told them that a project, such as an SEZ, where once the land is identified, it takes 7-8 years after getting the approval, to set up and start production at the venue. Because apart from the central government regulations, there are state government approvals, building plan approvals and environment clearances,” P C Nambiar, Chairman, Export Promotion Council for EOUs (export oriented units) & SEZs told the Dollar Business. “Therefore, any project of ...
Govt considering steps to revive exports from SEZs
The Commerce Ministry is also in favour of allowing SEZ units to sell products in the domestic markets at preferential duty at par with FTA Deepak Kumar | The Dollar business Bureau Blaming several policy-related decisions for declining exports from special economic zones (SEZs), industry experts have asked the government to take pro-exports measures to revive stalled shipments from such zones. According to P C Nambiar, Chairman, Export Promotion Council for EOUs (export oriented units) & SEZs, the government has taken some half-built decisions in the past without considering their long term impacts. But now, authorities are ready to make changes in order to revive the export sector. The frequent advance amendments to the trade policy provision incentives made by the finance department, revenue ...
