Exempt export units from 'sunset clause' to boost trade: SEZs to govt

They say frequent change in govt policies has led to 'trust deficit' in such export promotion zones and affected fresh investments

Exporters of goods and services from designated export-oriented units (EOUs) and special economic zones (SEZs) have urged the government to exempt export-centric and employment-generating units from the sunset clause, to boost exports of goods and services from India.

In a letter addressed to the Union Finance Minister Arun Jaitley, the Export Promotion Council of EOUs and SEZs said that frequent change in government policies has led to a ‘trust deficit’ in such export promotion zones, affecting fresh investments from domestic and overseas investors.

Introduced in 2005, the SEZ Act had attracted huge investments in its initial years. But then, the