Special Economic Zone

Proposed norms to ease sales into the Domestic Tariff Area (DTA), permit reverse job work and streamline Special Economic Zone (SEZ) operations aim to cushion jewellery units hit by a sharp fall in US-bound exports.

Delhi LG gives nod to set up special economic, free trade zones at IGI airport

According to the notification, this move will boost the logistics sector and catalyse economic growth apart from generating employment.

Commerce ministry decides to extend RoDTEP scheme benefits to SEZ units

So far, the government has given formal approvals to over 420 SEZ developers, out of which over 375 are operational. Exports from these zones stood at USD 155.8 billion (USD 61.6 billion merchandise and USD 94.2 billion services) in 2022-23

Maharashtra authorities plan tourism park in MIHAN SEZ in Nagpur

MIHAN is the country's first multi-product SEZ, located adjacent to the existing international airport in Nagpur

MC Explains| The case for turning India into an aircraft leasing hub

The latest Budget intends to give a boost to Indian leasing companies through the International Financial Services Centres Authority (IFSCA), which was established in April 2020 under the International Financial Services Centres Authority Act, 2019.

Work from home allowed for maximum one year in special economic zone: Commerce Ministry

The Department of Commerce has notified a new rule 43A for WFH in Special Economic Zones Rules, 2006.

Suven Pharma set to buy Casper Pharma for Rs 155 crore

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.

Tweak SEZ rules to add mojo to manufacturing

Compliance and approvals must be made simple so that prospective investors are drawn towards special enclaves

Budget 2022: SEZs may be allowed to sell goods in domestic market with no extra customs duty

The commerce department has again pushed for a relaxation in the rules for beleaguered special economic zones to maximise productivity. Long-term detractors of the proposal are said to be on board this time.

Tax policy to boost India’s first international financial centre planned 

The Centre plans to tailor a tax policy to boost foreign investment prospects of India’s first international financial centre, Moneycontrol has learnt .

Warburg Pincus arm to invest Rs 800 crore for 0.49% stake in Adani Ports

Adani Ports is also acquiring 31.5 percent stake held by Windy Lakeside Investment in Gangavaram Port.

DLF Cybercity to invest Rs 500 crores for Phase III expansion, in Chennai

DLF Cybercity, which commenced operations in 2007, on May 10, 2017, announced the expansion of Phase III of its SEZ in Chennai, covering 1.6 million sq ft, a company statement said. Reaffirming the company’s &#82

Government cancels approvals to 8 special economic zones

The government has cancelled approvals granted to eight SEZ projects, including those of Concord India and Bangalore International Airport, as no significant progress was made by developers to complete the projects.

Mumbai‘s International Financial Services Centre to finally become a reality

Pointing out that his government has already appointed a master planner to design the International Financial Services Centre (IFSC) in Mumbai, Maharashtra chief minister Devendra Fadnavis, on March 21, 2017, said that the project &#82

Focus should be on bringing Infosys to WB: Cong MLA Asit Mitra

"If you are so concerned about the IT sector in the state then instead of protesting Trump's immigration policies, you should focus on how to attract Infosys to Bengal to begins its operations," Congress's Asit Mitra said in the Assembly.

Fitch assigns 'BBB-' rating to Adani Ports' USD 500 mn bonds

Ratings agency Fitch today assigned 'BBB-' rating to USD 500 million notes of Adani Ports and Special Economic Zone (APSEZ).

Govt nod for 4 developers willing to set up new SEZs

The other three developers who got the green signal are Worldwide Oilfield Machine, Embassy Property Developments and Horizoneview properties.

Tata Steel seeks foreign investment for SEZ project in Odisha

Steel major Tata Steel today said it is in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone project at Gopalpur in Odisha.

Diageo opens new biz services centre,to hire 1,000 by 2017-end

To be known as Diageo Business Services India (DBSI), it will initially build a global (Diageo) finance and accounting footprint, Diageo said in a statement.

Need to set up MRO facility at MIHAN with Russian support:CM

A Russian delegation, led by Minister for Industries and Trade Denis Manturov, yesterday visited to Multi- modal International Hub and Airport at Nagpur (MIHAN), where its members were welcomed by Fadnavis.

Govt rejects Infosys proposal to set up IT SEZ in West Bengal

The decision was taken in a meeting of the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, on August 12.

Here are some stock ideas from SP Tulsian

Speaking about JustDial, SP Tulsian of sptulsian.com said, "Things are looking quite weak on the fundamentals. I continue to have my negative view on the stock and I won't be surprised to see it falling further from here on by about 20-30 percent".

4 SEZ developers seek cancellation of their projects

These applications would be considered by the Board of Approval (BoA) headed by Commerce Secretary Rita Teaotia on August 12.

6 SEZ developers, units seek more time to implement projects

All these requests will be considered by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia on August 12.

Govt may have to amend SEZ Act to align it with GST

The Commerce Ministry is taking steps to revive investors interest in these zones. It has asked the Finance Ministry to extend sops like rollback or reduction in the minimum alternate tax.