Page 2 - Sezs

SEZ exports lag overall rate in April-November, shows govt data

India's overall exports rose nearly 36% YoY, while those from SEZs posted 31% growth in this period

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

Budget 2022: Reforming SEZ Act to enhance competitiveness, says industry

The government will rewrite a new law to replace the existing SEZ Act as it seeks to enhance exports, FM Sitharaman said on Tuesday.

Budget 2022-23: New law to replace existing Special Economic zones Act

To enable the ease of doing business in SEZ units, the government will also undertake reforms in customs administration of SEZs and make it fully IT driven.

Govt must withdraw orders on transfer of SEZ units' assets

The new procedures envisage no role for SEZ developers. That may not be acceptable to many developers

Trying to ease rules to make it easier for units to exit SEZs: Goyal

The commerce ministry is trying to ease norms for Special Economic Zones and make it simpler for units to exit these areas, union Minister Piyush Goyal said on Thursday.

Govt likely to give more sops to units in special economic zones

With this incentive, manufacturers in SEZs that have spare capacity will be able to boost production

Logistics Data Bank Services extended to 9 major SEZs across India

Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ

Performance-linked incentives fail to excite solar manufacturing firms

Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

Pimco stops participating in bond offerings of Adani Ports & SEZ

Existing holdings to run till maturity; Australia coal project key factor

Commerce ministry should remove impossible conditions in SEZ rules: Expert

The Commerce Ministry should amend the Rule 34 suitably and also the Rules 46(12) and 46(13), as the procurement certificate has been replaced with the intimation prescribed under Rule 5 of Customs

Volume recovery, acquisitions key to Adani Ports and SEZ's growth

Reducing promoter pledge further can help drive stock gains

Adani Ports completes Rs 12,000 cr deal for 75% stake in Krishnapatnam

The acquisition will accelerate APSEZ's stride towards 500 MMT by 2025 and is another step in implementing its stated strategy of cargo parity between west and east coasts

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Why Atmanirbhar could be govt's biggest gift to Indian pvt sector in 30 yrs

Despite the largesse, however, it remains to be seen whether or Indian companies can shrug off the old habit of jugaad, tweaks and twists

Domestic solar gear makers seek level-playing field for units in SEZs

Industry said without a level-playing field, domestic manufacturers in SEZs will have to shut shop and "may see job losses in tune of 15,000 people"

If the imported goods found defective can be re-exported, says expert

The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found defective

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.

Needed: Coastal economic zones

CEZs could help improve exports and employment, attract FDI and offer a credible public works programme