SEZ

TDP will attract more companies to Kakinada SEZ in Andhra Pradesh and create employment for locals, says Nara Lokesh  

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TDP will attract more companies to Kakinada SEZ in Andhra Pradesh and create employment for locals, says Nara Lokesh  

Nara Lokesh with folk dancers during Yuvagalam padayatra in Tuni Assembly constituency in Kakinada district on Saturday. Telugu Desam Party national general secretary Nara Lokesh on Saturday assured that the TDP would attract more companies to the Kakinada Special Economic Zone (KSEZ) to guarantee more employment opportunities for those who parted with their land for … Read more

DESH Bill likely to help SEZs make use of vacant space

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DESH Bill likely to help SEZs make use of vacant space

The Development of Enterprises and Services Hub Bill, 2022 (DESH Bill), which will replace the Special Economic Zones (SEZ) Act, will benefit real estate developers by decreasing vacancies by denotifying vacant spaces and leasing them to domestic enterprises, said real estate experts. Developers with sizeable SEZ portfolios such as DLF and Tata Realty are looking … Read more

Partial denotification of SEZs, single window clearance mechanism in DESH draft

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Partial denotification of SEZs, single window clearance mechanism in DESH draft

New Delhi: The draft law to revamp the Special Economic Zones (SEZ) into Development of Enterprise and Service Hubs (DESH) has met the services industry’s long standing demand to allow partial denotification to free up the area not in demand. It has also proposed to set up an integrated single window clearance mechanism for the … Read more

Commerce ministry provides alternate method for transfer of space by exiting unit in SEZ

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The Commerce Ministry on Monday provided an alternate method for the transfer of space by an exiting unit in a spe cial economic zone (SEZ), a move aimed at promoting ease of doing business. According to an instruction given to all zonal development commissioners of SEZs, the ministry said it has received representations from stakeholders … Read more

View: IFSC can act as a stepping stone for insolvency reforms

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International Finance Service Centre (IFSC) at Gujarat International Finance Tec (Gift) City, a Special Economic Zone (SEZ), was conceptualised to create an offshore jurisdiction in India. The plan was to capture some of the business that was being carried out in Singapore, Mauritius, Dubai, Hongkong, London and similar centres of global finance. A host of … Read more

Will handhold startups, artisans to facilitate their entry into field of exports: FIEO

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Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field of exports and engage with Indian diaspora to boost the country’s outbound shipments. The Federation of Indian Export Organisations (FIEO) also said support of the government will help in achieving USD 400 billion … Read more

Six firms propose Rs 1500 crore investment as Karnataka bets big on Koppal toy cluster

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BENGALURU: India’s first toy manufacturing cluster coming up on a 400-acre plot at Koppal in North Karnataka has received investment proposals worth $ 211 million (Rs 1540 crore) from six firms. Chief Minister BS Yediyurappa performed the ground-breaking at the site, on Saturday, for the toy cluster being developed by Aequs Group, promoted by Aravind … Read more

Sugar exported to refineries within SEZ to be eligible for export benefits: Govt

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Pune: The central government has clarified that supply of sugar by mills to refineries in Special Economic Zones (SEZ) will be considered to be export for the purpose of certain benefits available to other mills. The benefits are under for Maximum Admissible Export Quantity (MAEQ) scheme for the current sugar season 2019-20, which was notified … Read more