Special economic zones may have lost some of their sheen on account of the proposed withdrawal of income tax sops in the Direct Taxes Code Bill, but developer Adani Group feels the zones are still lucrative enough to attract investment.
"Growth will definitely be there, you will see units coming in," said Unmesh Abhyankar, the Chief Operating Officer of Mundra Port & SEZ Ltd (MPSEZL), the Adani Group firm overseeing the company's private port and SEZ at Mundra, in Gujarat.
However, he acknowledged that the company has not seen companies line up as fast as it expected to establish new units within the multi-product SEZ. "Companies did not come as fast as we expected," he said, adding that the global economic turbulence was the main reason for many companies putting their SEZ projects on the backburner.
