special economic zones
The Modi Government has been making attempts to revive the Special Economic Zones (SEZs) all across the country. The impasse that has been created by the UPA Government policies keeps on haunting them. In Maharashtra, only around 14 percent of the allowed Special Economic Zones are functional. The Board of Approval or BoA of the [...] Continue Reading »
The department of commerce have started consultation on the norms of changing in order to mandate that at least 51 percent of production in the special economic zones (SEZs) should be physically exported. This move is expected to be help in adding to the inflexibility of units in some designated areas. However the discussions have [...] Continue Reading »
According to a recommendation of the Development Commissioners of Special Economic Zones (SEZs), the ‘formal approval’ granted to 43 SEZ developers should be cancelled. The SEZ developers whose approvals may be cancelled include the likes of Reliance Infocom Infrastructure, Emaar MGF Land Ltd., GVK Perambalur SEZ, Essel Infraprojects, Jindal Photo Ltd, Deccan Infrastructure and Land [...] Continue Reading »
As per the Economic Survey report, fresh investments have slowed down in SEZs in the recent years. The report has urged the government to give clear signal to revive the special economic zones (SEZ). The SEZs were major export and manufacturing hubs, and every company wanted to open their units in SEZs. However in the recent [...] Continue Reading »
In order to generate interest in investment in the India’s Special Economic Zones (SEZs), the government may exempt investors from paying the Minimum Alternate Tax (MAT) in the Budget FY15. The commerce and finance ministries have held discussions after several years, in a bid to revive investor confidence. The commerce ministry has asked for various [...] Continue Reading »
During the presentation made by the officials to the ministry to state on matters of commerce and industry Nirmala Sitharam, several topics were raised. This included imposition of MAT (Minimum Alternate Tax), deriving of the manufactured output, restrictions made on the import of gold which ultimately affect the jewel and gems industry along with stagnant [...] 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 »
CIDCO which is currently run by the state was declared unsuccessful in the matter of collecting dues which cost a total of Rupees 237 crore. This starts from the Navi Mumbai Special Economic Zone which was developed by a consortium controlled by an industrialist named Mukhesh Ambani. They are all among the findings of the [...] Continue Reading »
P.M Narendra Modi has a complete corporate approach. He first assesses the issues in a project, then assigns the task to the ministry concerned, sets up a time line and then follows up with the team regarding issues and bottlenecks and helps them to resolve them. In the same framework Modi met the Secretaries from [...] 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 »
