Page 4 - Special Economic Zones

Budget 2022-23: New law to replace existing Special Economic zones Act

To enable the ease of doing business in SEZ units, the government will also undertake reforms in customs administration of SEZs and make it fully IT driven.

Govt proposes to replace existing SEZ law with new legislation

The government on Tuesday proposed to replace the existing law governing SEZs with a new legislation to enable states to become partners in 'Development of Enterprise and Service Hubs'

Govt must withdraw orders on transfer of SEZ units' assets

The new procedures envisage no role for SEZ developers. That may not be acceptable to many developers

CCI approves Adani Ports and SEZ's 10% stake-buy in Gangavaram Port

Fair trade regulator CCI on Monday approved acquisition of over 10% stake in Gangavaram Port Ltd by Adani Ports and Special Economic Zone Ltd

ONGC likely to buy out IL&FS stake in Mangalore Special Economic Zone

The deal is likely to be concluded at 'fair value' after ONGC's attempt to buy out the shadow lender's stake in JV at deep discount failed

Govt likely to give more sops to units in special economic zones

With this incentive, manufacturers in SEZs that have spare capacity will be able to boost production

Drugs and Pharma sectors lead growth in India's exports from SEZs

Led by drugs and pharmaceuticals, India's exports from special economic Zones (SEZs) rose by 41.5 per cent on a year-on-year (YoY) basis to Rs 2.15 lakh crore in Q1FY22

Exports from SEZs up 41.5% to Rs 2.15 trillion during Apr-June 2021

Exports from SEZs grew by about 41.5% to Rs 2.15 trillion during the April-June quarter of the current fiscal on account of healthy growth in pharma, engineering, and gems and jewellery sectors

Logistics Data Bank Services extended to 9 major SEZs across India

Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do

Banking on Budget: Hope and reforms amid pandemic and fiscal deficit

The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal

Commerce ministry should amend SEZ rules for sourcing from EOUs: Expert

EOUs were de-licensed as bonded warehouses with effect from August 13, 2016

Indian entities can give guarantees on behalf of WOS abroad: Expert

Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with

Purchases, imports and SEZ supplies to be auto-generated under GST system

Currently, taxpayers file GSTR1, which is a seller form and GSTR3B. However, purchases are not auto populated from GSTR1

Recovery of port volumes, market share gains bode well for Adani Ports

For Adani Ports, after a 27 per cent volume fall in the June quarter, they increased 6 per cent in July.

Sun sets on SEZs: Most consistent failures of economic policy since 1965

Even after a high-profile new policy was announced in 2005, SEZs account for just about a third of India's merchandise exports

PM chairs meet to review preparations for economic zones connectivity plan

Finance Minister Nirmala Sitharaman, Railway, and Commerce and Industry Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri were among those who attended the meeting

Why Atmanirbhar could be govt's biggest gift to Indian pvt sector in 30 yrs

Despite the largesse, however, it remains to be seen whether or Indian companies can shrug off the old habit of jugaad, tweaks and twists

Adani Ports Q1 profit falls 26% to Rs 758 cr, income declines to Rs 2,749.5

The company's total expenses during the quarter under review rose to Rs 1,805.24 crore, compared to Rs 1,796.34 crore in the year-ago period

GMR Infra plans to divest non-core assets, bets big on land monetisation

As per the document, 4,650 acres area there has been notified as SEZs and utility and environment approvals are in place