Govt's SEZ Policy being constituted to cater Indian Exporters

Govt’s SEZ Policy being constituted to cater Indian Exporters

Government of India has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India.

The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy WTO compatible, suggest course correction in SEZ policy, make comparative analysis of the SEZ scheme and dovetail the SEZ policy with other similar schemes.

Baba Kalyani, Chairman, Bharat Forge heads the group to study SEZ Policy following the members of the groups are Ravindra Sannareddy, MD, Sricity SEZ Ltd., Neel Raheja, Group President, K. Raheja Group, Arun Misra, MD, Tata Steel SEZ Ltd., Anita Arjun das, MD, Mahindra Life Space Developer, Ajay Pandey, MD & Group CEO, GIFT City SEZ ltd., Srikanth Badiga, Director, Hyderabad Phoenix Developer, Principal Secretaries (Industries) of Gujarat, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu & Karnataka, Additional Secretary (In-charge of SEZ Division, Department of Commerce) and Director (SEZ) Department of Commerce will be the coordinating officer.

The SEZ Policy was implemented from 01st April, 2000. Subsequently the Special Economic Zones Act, 2005 was passed by Parliament in May, 2005 and received Presidential assent on the 23rd of June, 2005 and the Special Economic ZoneAct was enacted. The SEZ Act, 2005, supported by SEZ Rules, came into effect on 10th February, 2006.

The Group is required to submit its recommendation in 3 Months’ time.

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