special economic zones
What once used to be a mid-level market full of estates, green stretches of land, fields and farms, East Bengaluru has grown from a stretch of land with 33 wards into a phenomenally developed IT area in its own right, thanks to giants like Wipro and Accenture who have offices there. There have been huge [...] Continue Reading »
On February 10, 2015, the Aam Aadmi Party (AAP) claimed a stunning victory in the Delhi elections, led by its party president Arvind Kejriwal who is now the Chief Minister of Delhi and has a very clear manifesto, especially when it comes to giving Delhi a makeover. No matter what industrialists think of AAP’s manifesto [...] Continue Reading »
Investments in Special Economic Zones (SEZs) declined as a result of introduction of Minimum Alternative Tax (MAT) and Dividend Distribution Tax (DDT), which led to negative investor sentiments, a study commissioned by the Commerce Ministry has said. Moreover, products manufactured in the zones have become non-competitive in the domestic tariff area (rest of the country) [...] Continue Reading »
At the Commerce Department’s Wednesday briefing, in New Delhi, to mark ‘100 days’ of Narendra Modi’s government, Commerce and Industry Minister Nirmala Sitharaman said that new measures will soon be announced by the government to revive Special Economic Zones (SEZs). In an apparent attempt to give the SEZs a new look, the government is working [...] Continue Reading »
A wide-ranging electronics policy has recently been unveiled by the Andhra Pradesh government, in an evident effort to capture a large chunk of the fast-growing market for electronics in India. The unveiling of the comprehensive electronics policy by the AP government comes against the backdrop of the fact that the demand for electronics is projected [...] Continue Reading »
The Chandrababu Naidu Government has drawn up ambitious plans to transform Andhra Pradesh into a “bustling” State and place it among the top three States in the country by 2022. Development of 14 major and minor ports, rivalling Singapore on the maritime front, three international airports and 14 domestic airports, three ‘mega cities’ and 11 [...] Continue Reading »
According to a recent statement made by Sanjeev Nandwani, Development Commissioner, SEZs (Eastern and North Eastern Zone), a total export income of Rs 15,000 crore was generated by the Special Economic Zones (SEZs) in West Bengal in FY 2013-14. The disclosure was made by Nandwani on the sidelines of a recent National IT Conclave organised [...] Continue Reading »
The government is working towards restoring the concessions provided to special economic zones (SEZs). In the past few years the SEZs had lost their sheen due to various factors. The issue of minimum alternate tax (MAT) and dividend distribution tax (DDT) has been taken up with the finance ministry. Since these taxes were levied on [...] Continue Reading »
The board of approval (BoA) for the special economic zones (SEZs) has decided to cancel all formal approvals that had been given to the 27 of these zones, including those which was proposed to be developed by the Reliance Infocom Infrastructure, Emaar MGF Land and Sail, after noting that the progress that has been made [...] Continue Reading »
Ahead of prime minister Narendra Modi’s scheduled laying of foundation for the Rs 4,000 crore Jawaharlal Nehru Port Trust SEZ this weekend, commerce ministry pitched for restoration of tax benefits, which are widely expected to be announced in foreign trade policy this month-end. Making her intent clear, commerce and industry minister Nirmala Sitharaman told the [...] Continue Reading »
