Special Economic Zone (SEZ) policy
According to a recent announcement made by Sri City, the multi-product operational Special Economic Zone (SEZ) is interested in creating an exclusive cluster for Korean firms. With the Sri City SEZ – which is located at a distance of nearly 60 km from Chennai – having already created a special cluster for Japanese firms, the [...] Continue Reading »
The pre-budget economic survey which was presented in the Parliament reiterated the need to promote structural changes in manufacturing in the medium term. There was a tremendous slowdown witnessed by the industrial sector which had negatively impacted the GDP of the nation, needs robust mechanisms for revival. Reviving private sector investments to spur growth in [...] Continue Reading »
Ending a long wait, India and China have signed the Memorandum of Understanding (MoU) on the creation of industrial parks. The Indian government has accorded them the same status as Special Economic Zones (SEZs) and National Investment and Manufacturing Zones (NIMZs). The MoU was signed in Beijing during Vice President Hamid Ansari’s visit. The Cabinet [...] Continue Reading »
The Special Economic Zones (SEZ) had lost their sheen in the last few years as the policy makers were not providing ample facilities to the industries functioning in these places. The commerce department has strongly pitched for allowing the units in the tax free SEZ enclaves to sell a part of their production in the [...] Continue Reading »
It has recently come to our notice that the commerce department has started to work towards letting units belonging to the enclaves that are tax free in selling a segment of their production at markets as well the expanding the benefits under the important schemes of Focus Products and Focus Markets. Not just that, the [...] Continue Reading »
The new Prime Minister of India, Mr. Narendra Modi has decided to meet the Secretaries of Commerce and Revenue this Saturday itself. The meeting will discuss all the matters related to Special Economic Zones. Not just that, issues pertaining to tax benefits and its restoration shall also be discussed. On Friday, a meeting was organized [...] Continue Reading »
The Maharashtra Airport Development Company is currently in search for new builders so that their job can be completed. This was because the residential project named First City was entangled in controversy. The planning took place in Mihan-SEZ and was consuming indeed since the controversy wasted a total of three years. In year 2008, after [...] Continue Reading »
Arun Jaitley has finally taken office as a finance minister and he is laying special emphasis by restoring the growth as inflation is controlled as well as refining the budget deficit at the same time. Since he was the commerce minister during the Vajpayee government from 2003 to 2004, he will make sure that the [...] Continue Reading »
Kamarajar Port Ltd has it’s eyes on setting up one of the best and state of the art special economic zones across surplus land available in its kitty, says MA Bhaskarachar, Chairman and Managing Director, Kamarajar Port. In Chennai, the port is known to be a major one along with the famous Chennai port and [...] Continue Reading »
It comes as a surprising news that foreign real estate players will be permitted to invest or own the Special Economic Zones (SEZ). Even though there are restrictions from Foreign Direct Investments (FDI) the department of commerce and industry has now eased this norm. It has been long time since the Special Economic Zone (SEZ) [...] Continue Reading »
