Amid a relative slowdown in developed markets, the Indian economy is on a firm footing for establishing itself as a global growth engine, attracting investors with its promising growth story. India’s allure as an emerging market has led to a surge in foreign portfolio investments (FPI), with more than $10 billion flowing into the equity … Read more
Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of … Read more
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
Sri Lanka’s Opposition parties, civil society groups and labour unions have filed multiple petitions in the Supreme Court against a proposed controversial legislation on the China-backed USD 1.4 billion Port City in Colombo, alleging that it violated the country’s sovereignty, the Constitution and labour rights. The bill titled the Colombo Port City Economic Commission was … Read more
NEW DELHI: The Export Promotion Council for EOUs and SEZs (EPCES) on Friday said that the manufacturing exports from Special Economic Zones (SEZs) have decreased around 45% on-year till June even as software and service exports grew 5%. Manufacturing exports from the units were Rs 41,699 crore till June compared to Rs 75,346 crore in … Read more
CHENNAI: Around 28 entities bagged approval for setting up units in the Gujarat International Finance Tec-City (GIFT City)’s SEZ virtually, as part of a new approval process was created for unit approval in special economic zone (SEZ) in time of Covid-19. GIFT city, which is located between Ahmedabad and Gandhinagar, has been touted as the … Read more