| New SEZ policy means business |
| Our Economy Bureau / New Delhi February 10, 2006 |
| Red tape cut; labour, bank laws not eased. India's showpiece initiative to develop special economic zones takes off tomorrow, nearly nine months after an enabling Act was passed by Parliament. Ambitious and wide-ranging, the policy framework for the zones promises to provide drastically simpler procedures for setting up and conducting business. Announcing the rules for SEZs, Commerce Minister Kamal Nath said these zones would attract Rs 100,000 crore investment by 2009 and create 500,000 jobs by then. |
