Sezs

The minimum land required for setting up a factory has been reduced to 10 hectares from 50 hectares in special economic zones for semiconductors and electronic components and to 4 hectares from 20 in multi-product SEZs

Amid global trade disruptions, India extends export incentives to firms in SEZs

Keeping budgetary allocation in view, the extension of RODTEP to these additional sectors is presently applicable till September 30, 2024 30.09.2024. This move is expected to benefit sectors, including engineering, textiles, chemicals, pharmaceuticals and food processing.

DESH bill to introduce simplified exit processes for companies in SEZs: Sources

The DESH Bill came into the picture as the Indian government looked to become more compliant with norms laid down by World Trade Organization (WTO).

Basic customs duty on solar equipment may hit SEZ manufacturing facilities: Experts

Power and New & Renewable Energy Minister R K Singh on Thursday said his ministry has proposed to impose basic custom duty (BCD) from August 1, this year on solar equipment, including cells, modules and inverters, in the range of 15-20 percent in the first year, which would eventually increase up to 40 percent.

World Bank submits plan on logistics for Kolkata says Bengal FM Mitra

Speaking to reporters on the sidelines of CII Logistics Colloquium here, Mitra said, "World Bank has submitted a master plan to the state on logistics infrastructure in and around Kolkata metropolitan area."

Mahindra warns of 'demographic disaster' sans jobs

Welcoming a move to develop "giant" special economic zones in coastal areas, industrialist Anand Mahindra today warned that without job creation on a war footing our "demographic dividend can turn into a disaster".

Govt to work on six fronts to revive exports

The government today said it will focus on six major areas, including SEZs, export credit and MSMEs, to boost exports which have been in the negative since December 2014.

Embassy Industrial Parks Signs 1,910 Crore MoU with Government of Haryana at Global Investors Summit 2016

Embassy Industrial Parks a joint venture between Embassy Group, India’s leading property developer and Warburg Pincus signed an MoU with the ...

Grant 5-yr tax holiday to mfg units in SEZs: CII to Govt

"This will go a long way in motivating exporters to enhance and promote exports through their units in SEZs. In the backdrop of slowing demand in the international market and continuously declining India's exports, regaining investor's confidence in SEZ is very difficult," CII said.

Commerce Ministry wants sunset clause for SEZs to go

The government is considering gradually doing away with tax exemptions to various sectors, including special economic zones (SEZs), and reducing the corporate tax to 25 percent from 30 percent over four years.

Explained: Positives & negatives of GST on IT sector

In a CNBC-TV18‘s special series 'Hello GST', Menaka Doshi decodes the positives and negatives of GST for the information technology (IT) sector along with Sagar Shah, National Head - Indirect Tax, BDO India.

Com Min working out policy initiatives to revitalise SEZs

Export Promotion Council for EOUs and SEZs (EPCES) said that imposition of Minimum Alternate Tax (MAT) has adversely impacted the growth of SEZs.

Cos set to lose tax gains; CBDT to end corp tax exemptions

This is in line with Finance Minister Arun Jaitley's proposal to phase out exemptions and bring the corporate tax rate lower to 25 percent in four years

Embassy Group Announces 198 Acre Industrial and Warehousing Park at the Tamil Nadu Global Investors Meet 2015

Embassy Group, a leading Indian property developer, today signed an MoU with the Government of Tamil Nadu at the Tamil Nadu Global Investors Meet ...

Cycling for a Cause - Embassy Pedal for the Planet a Great Success

The second edition of the Embassy Pedal for the Planet corporate cycling event organized by Embassy Group, India’s leading property developer, ...

India gets $19.78 bn FDI from nations visited by PM in FY15

During the period, Indian companies invested USD 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

SEZ: Govt withdraws duty benefits for power plants

In February 2009, the ministry had allowed SEZ developers to avail duty benefits only at the initial stage of setting up of a power plant in a non-processing areas and not for operational and maintenance of the plants.

Union Budget 2015: FM stresses on Digital India, no major reforms in telecom

Finance minister Arun Jaitley, however, says: "The National Optical Fibre Network Programme (NOFNP) of 7.5 lakh kms, networking 2.5 lakh villages is being further speeded up by allowing willing states to undertake its execution, on reimbursement of cost as determined by DoT."

Union Budget 2015: Arun Jaitley allocates Rs 1,000 cr for tech start-ups

The IT sector's contribution towards India's GDP and employment generation has been so exponential that it comes as no surprise that finance minister Arun Jaitley took special notice of the sector. The IT and ITeS sector employs almost 10 million Indians.

Budget 2015: Big Ideas Or Small Changes?

Budget 2015: Big Ideas Or Small Changes?

CII seeks cut in Minimum Alternate Tax to 10% in Budget

In its Pre-Budget memorandum for 2015-16 submitted to the Finance Ministry, it has "strongly recommended that MAT should be reduced to 10 per cent...the entire provision of MAT needs to be re-examined to incentivize investments".

Tamil Nadu solar power rider dropped

The Tamil Nadu government's solar policy isn't working out as per plan. According to the policy, heavy power consumers were to meet 6 percent of their total power consumption from solar energy by January 2014.

Govt gives more time to 30 SEZ developers to execute proj

As many as 30 SEZs have been given more time to execute their projects. Posco-India Pvt Ltd, Unitech Infracon and Lodha Dwellers have also requested for additional time to implement their projects.

Uttam Galva Steel to surrender its two SEZs in Maharashtra

The company's request will be considered by the 19-member Board of Approval chaired by Commerce Secretary S R Rao, in its meeting on August 30. The developer had planned two sector specific SEZs for IT/ITES in Raigad, Maharashtra. The zones were notified by the government on 12th March, 2009 and 19th June 2009.

India emerging as key hub for pharma manufacturing

India is emerging as a key hub for pharmaceutical manufacturing. Backed by government policies, the country's pharmaceutical market has registered a compound annual growth rate (CAGR) of 12 percent between 2007 and 2011.