Page 4 - Sezs

SEZs seek govt permission to sell goods in India at discounted import duty

The export-oriented units and SEZs are providing direct employment to more than 25 lakh person and has attracted an investments of more than Rs 5.50 lakh crore, he said.

Govt approves TCS, DLF proposals to set up SEZs for IT in Haryana, UP

The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 in New Delhi

TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh

TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares

Sundaram Fasteners sets up new SEZ unit in Andhra, invests Rs 100 cr

The new unit will provide further impetus to the company's export thrust through addition of products to its portfolio as well as diversifying its export customer base

Infra, realty trusts can set up biz in SEZs. Will this increase exports?

The Centre amended the Special Economic Zones Act (SEZs Act) in August 2019 to broaden the definition of "person" who can set up their units in these zones

Govt announces reforms to existing special economic zones framework

Henceforth, all existing and new SEZs would become multi-sector SEZs thereby enabling coexistence of a SEZ unit from any sector along with any other SEZ unit

Tamil Nadu's SEZ in comeback mode with big-ticket investment commitments

Investments by two mobile component manufacturers in the SEZ that disintegrated after the freeze on Nokia plant have brought fresh hope to the state

Vedanta's Odisha SEZ seeks govt approval to procure petroleum coke locally

Vedanta, an SEZ unit in Vedanta SEZ was granted letter of approval in April 2009 for manufacture of these products. The unit had commenced production in December 2015.

ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows

A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports

Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15

Infosys has sought formal approval for setting up a sector specific SEZ for IT/ITeS at Kancheepuram district in Tamil Nadu

SEZs return to tepid welcome; govt has no winning formula for their success

The sole advantage of the Indian SEZ Act still remains tax arbitrage, where most of the provisions are, in any case, on the sunset route

Govt to revamp SEZ incentives policy, focus on employment over exports

SEZs may be rechristened as 'employment economic conclaves'

Export from Special Economic Zones jumped 18% in FY18

Far higher ease of doing business as compared to the rest of India; export promotion council seeks removal of taxes and other such barriers for future growth

SEZ approvals to be cancelled if extension not sought after validity expiry

The state governments in question have also been asked to recover duty exemptions from the SEZs

No takers for SEZs? 62 projects may be scrapped as developers lose interest

Exports from SEZs grew nearly 12% to Rs 5.24 lakh crore in 2016-17

Govt exempts Rs 56,000 cr tax for SEZs in first 9 months of FY17

Exports from these zones stood at Rs 3.58 lakh crore during the same period of FY17

Over 140 SEZ developers to get more time for projects: Nirmala Sitharaman

These zones are export hubs that account for about 23% of the country's total exports

Govt nod for 4 developers willing to set up new SEZs

Worldwide Oilfield Machine has proposed to set up an engineering-specific SEZ in Pune

L&T Construction, four others seek nod to set up new SEZs

Developers and units in SEZs enjoy certain tax and other procedural benefits

Govt approves 6 new SEZs across 3 states for IT, biotechnology

The developers who got nod for new zones include Vaxenic India, EON Kharadi Infrastructure and KRC Infrastructure