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If the government can push through the SEZ Amendment Bill in the monsoon session of Parliament, it will be a fillip for industry
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India must move beyond outdated SEZs and embrace a unified, future-ready industrial strategy focused on nationwide competitiveness, regulatory clarity, and long-term, inclusive growth across all states
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he government has amended Rule 5 of SEZ Rules, 2006. Thereby, an SEZ set up exclusively for the production of semiconductors or electronic components will now require a minimum contiguous area of only 10 hectares, as against the earlier requirement of 50 hectares
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Experts say export incentives and skill development programs are key to solidifying the country’s position as a premier destination for ER&D services, too.
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Leasing in SEZ-notified buildings in the Mumbai Metropolitan Region was around 1.42 million square feet in the first nine months of the financial year.
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On June 11, the directorate general of foreign trade (DGFT) through a notification imposed the restrictions to discourage inbound shipments of these items from countries like Indonesia and Tanzania.
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Speaking of FTAs, the commerce ministry, on June 14, said that outstanding issues around the trade deal with UK will be resolved once the general elections in Britain are over.
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Stating that the target of achieving USD two trillion exports by 2030 is possible, Barthwal said that USD one trillion will be forthcoming from merchandise exports and another USD one trillion from services.
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Global Foundries, a semiconductor maker, also expressed interest in hiring 200 skilled workers in Bengaluru
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US-based boutique investment firm GQG Partners has raised its stake in Adani Ports & Special Economic Zone (APSEZ) to over 5 per cent as it continues to bet on billionaire Gautam Adani’s group shrugging off market concerns.
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In a policy circular, the Directorate General of Foreign Trade (DGFT) said it has received representations from SEZ units highlighting issues being faced by them due to these restrictions.
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MIHAN is the country's first multi-product SEZ, located adjacent to the existing international airport in Nagpur
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JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mould Ltd for the purpose, Bharat Forge said in a statement.
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The government on Thursday permitted complete work-from-home option to employees of IT units in a special economic zone till December 2023.
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The African nation's Minister for Economy Lea Doumta, who led a delegation on a two-day visit here, said her country is "mighty impressed" with India's growth and development model and is keen to emulate it.
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As SEZs (special economic zones) and EOUs (export-oriented units) were kept out of the scheme in the list notified that time, the industry was demanding to include them in the scheme.
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At present, work from home (WFH) is permitted for a maximum period of one year in a special economic zone (SEZ) unit and it can be extended to 50 per cent of the total employees.
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While some of the workers were administered first aid in the medical centre in the SEZ, some others were shifted to nearby hospitals, police sources said. Some of the workers who fell sick were said to be pregnant.
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The government hopes to revive struggling SEZs, exports from which fell to $102.3 billion in FY21 from $112.3 billion in FY20. Of the 370 notified SEZs, only 234 are operational, official data shows. Measures like lower taxes and partial denotification are also being considered
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A new rule has been added that applies to employees of IT/ITeS units, employees who are temporarily incapacitated, those who are travelling and those who are working offsite
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The target is a Hyderabad based SEZ (special economic zone) company in the GMR Aviation SEZ adjacent to the Hyderabad International Airport, engaged in the formulations business.
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Budget 2022 | Homebuyers expressed unhappiness over the absence of any additional tax deduction on interest paid on home loans or relief for buyers stuck with incomplete projects.
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Budget 2022 | Move divides industry as some hail step while others lament skewing of the playing field
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Budget 2022 | IT/ITeS companies account for more than 60 percent of the operational SEZs in India and hence these are important growth drivers for IT firms. At the back of the pandemic, the majority of the 4.5 million workforce continue to work from home.
