Commerce Ministry unveils SEZ India mobile app
The Dollar Business Bureau Now people will be able to fetch detailed information about the country’s special economic zones with the help of the “SEZ India” app that has been launched by the Commerce Ministry. The app has been developed by the SEZ Division, Department of Commerce under its broader e-governance initiative called the SEZ online System. The app will pave way for developers and units to file all their transactions digitally through the system and track the status as well. “The app would help the SEZ units and developers to find information easily and track their transactions on SEZ Online System,” the ministry said in a statement. The app is divided into four sections namely SEZ Information, SEZ Online Transaction, Trade Information and Contact ...
India, China to get SEZs in Sri Lanka to set up industries
The Dollar Business Bureau Special Economic Zones (SEZs) will be allotted to India and China for establishing industries in Sri Lanka, Malik Samarawickrama, Sri Lankan Minister of International Trade and Strategic Development said on Tuesday. “Indians will be setting up pharmaceutical and auto parts industries in their zone. The Chinese have asked for 55 sq km (15,000 acres) of land in the Hambantota area in the Southern Province for their zone, and we are in the process of acquiring the land. When developed, this area will generate one million jobs,” Samarawickrama told journalists in Colombo. The location for the SEZ to be allotted to India is still to be finalised. A delegation from India will be visiting the country next week to start discussions on ...
Commerce and Industry Notification | De-Notify 100.00 hectares of Special Economic Zone
Dated October 26th, 2015 | Copy of | Notification Sl42 dt. 26/10/15 | Whereas, M/s. Ajanta Projects (India) Limited, a private organization in the State of Maharashtra, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for pharmaceuticals at Plot No.C-21, MIDC, Shendre Five Star Industrial Area, District Aurangabad in the State of Maharashtra; And, Whereas, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zone Rules 2006, had notified an area of 100.00 hectares vide Ministry of Commerce and Industry ...
Govt has no records of exports data from Agri Export Zones
Himanshu Vatsa | The Dollar Business The government has no records of exports and other details about 60 Agri Export Zones (AEZs) set up in various states. In order to promote India’s exports of processed agricultural products, AEZs were set up under several schemes of the Agricultural and Processed Food Products Export Development Authority (APEDA). These facilities have been set up in 20 states covering more than 230 districts. The project covers 35 crops including fruits, vegetables, spices, cashew, tea, basmati rice, medicinal plants, and pulses. The total investment under the AEZ programme by all agencies stands at Rs 1, 724 crore, including private investments of Rs 970 crore. “As on March 2012, all the 60 AEZs in 20 states ...
Foreign Trade Policy has bigger objectives
Dr. K S Rao, Associate Professor, National Institute of Bank Management (NIBM), Pune The total exports increased from US $ 274.55 billion in FY10 to US $ 465.90 billion by FY14 in a span of 5 years. As against a Compounded Average Growth Rate (CAGR) of 15.9 per cent of exports recorded between FY05 to FY14, the target of CAGR 11.5 per cent looks modest but as the base broadens, it requires tremendous efforts to galvanize and sustain the rising growth rate. Hence, in order to reach the targeted mark, the entire eco system has to fall in line to support export led growth in key sectors such as manufacturing, MSME, Agriculture and their interdependent sectors. Among many proactive ...
Industry not too enthused with TEE status
Jayarama Emani | The Dollar Business The coastal towns of Visakhapatnam and Bhimavaram in Andhra Pradesh, being recognised as Towns of Export Excellence (TEE) in the new Foreign Trade Policy, which was released on Wednesday, has got mixed response from the industry. Stakeholders feel while the announcement is encouraging, the government must expedite infrastructure development in both the towns if it is really interested in export promotion from the region. Speaking to The Dollar Business, Bhaskara Rao Potluri, Executive Director, Andhra Chambers of Commerce & Industry Federation, said, “With the Andhra Pradesh government setting a target of Rs.60,000 crore (cumulative) worth of marine exports by 2020, it is no surprise that the Centre is looking at Bhimavaram as a ...
