Govt to study special economic zones policy
The government has constituted a group, headed by Bharat Forge Chairman Baba Kalyani, to study the special economic zones (SEZ) policy of India, the commerce ministry yesterday said.
“The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the policy WTO (World Trade Organisation) compatible, suggest course correction in policy, make comparative analysis of the SEZ scheme and dovetail the policy with other similar schemes,” it said in a statement. It would submit its recommendation in three month.
The members of the group include Sricity SEZ MD Ravindra Sannareddy, Group President of K Raheja Group Neel Raheja, Tata Steel SEZ MD Arun Misra, Mahindra Life Space Developer MD Anita Arjundas and Principal Secretaries (Industries) of Gujarat, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu and Karnataka.
The SEZ Act, 2005, supported by SEZ rules, came into effect on February 10, 2006.